Whistle-blower: EFCC uncovers another cash haul

EFCC Operatives
EFCC Operatives

A tip from a whistle blower today led operatives of the Economic and Financial Crimes Commission, EFCC, to intercept huge sums of money in various currencies at the popular Balogun market in Lagos.

The monies include €547,730 and £21,090 as well as N5,648,500. The total haul is about N250 million at the prevailing exchange rate at the parallel market.

The intercept followed information that about N250 million cash was being moved somewhere in the market for conversion into foreign currencies by unnamed persons. Operatives responded timely, met the money in Bureau de Change office, but a large chunk of it had been converted into Euro and Pounds sterling.

The BDC operators found in possession of the monies claimed they were acting on behalf of their boss who sent the money to them from one of the Northern states in Nigeria.

Two persons apprehended in the course of the raid are helping the Commission in its investigation.


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  • Al

    Together we fight corruption & our future, divided corruptions fight us & damage our future

    • TrueFairGame

      Makes a lot of sense

  • Dejandon

    Na wa o! This is how naira keeps crashing irrespective of what the CBN does. Looted money just being converted to FX sharp sharp

  • Angry Niaja

    Why can’t the government change the naija sharp, sharp

  • Okokondem

    Food for thought…let’s add the following to… #BringBackOurGirls:

    #Give-Us-Power / #Give-Us-Electricity

    #Stop-Budget-Padding

    #Make-NASS-Budget-Public

    #Make-NASS-Members-Pay-Public

    #We-Demand-Transparency-With-All-Recovered-Loots

    #Fix-Our-Roads

    #Judges-Stop-Taking-Bribe

    The list is endless, and these are all worthy causes. Employ the same passion as BringBackOurGirls. Stop just complaining on the Internet.

  • Pure Reasoning

    Kudos to both the EFCC and the whistle blower. More of these are needed.