Again, whistle-blower leads EFCC to uncover N250m hidden cash in Lagos

President Muhammadu Buhari’s whistle-blower policy has continued to prove effective as another N250million has been uncovered in Balogun Market, Lagos, following a tip-off by a whistle blower.

The discovery is coming few days after the EFCC, also based on a tip-off by a whistle blower last Friday evening, uncovered a large sum of cash to the tune of about N448,850,000 in a shop at LEGICO Shopping Plaza, Ahmadu Bello Way, Victoria Island, Lagos.

EFCC, which disclose this in a statement on Monday, said that the owner of the cash, like the one uncovered last Friday could not be identified.

The statement by the EFCC’s spokesman, Wilson Uwujaren, said that the operatives swooped into action following tip-off by a whistle blower, who revealed that the cash belonged to an unnamed top official from one of the northern states and was to be changed into foreign currencies in the market.

The commission gave a breakdown of the equivalent of the money in foreign currency saying that at the current parallel market rate of N306 to the Dollar, the recovered money: €547,730, £21,090 and N5,648,500 is worth about N250 million.

“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,” Uwujaren said.

Gsent talks......Taking You Further