Thursday, 13 April 2017

EFCC discovers multiple currencies worth billions in Lagos home


Charity Nnaji

The nation’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC) has found multiple currencies stashed at House 16, Osborne Road in Ikoyi, Lagos Island.

The currencies include $43.4 million (about N13.237 billion), N23 million and £27,000 cash

The agency acting on a tip off suspected that the cash might have been proceeds of crime kept at the residence to prevent any bank alert.

However the agency did not disclose identity of the owner of the cash pending the conclusion of investigations.

According to a source, who spoke in confidence: “We acted on intelligence report that there was huge cash in an apartment in Osborne Towers, Ikoyi, Lagos.

“A whistle blower who had insider knowledge of how the funds were kept in some locked up rooms in the house alerted the EFCC.
“As at the last count, we have recovered about $43.4 million (N13.237 billion at N305 per dollar) N23 million and £27,000. The figures could be higher than what we have counted.

“But we engaged the Central Bank of Nigeria to mobilise counting machines to assist in determining the total haul. Certainly, we are acting on some clues on how the money came about. We have a lot of intelligence we are analysing.”

Recalled that the Federal Government on December 22 last year, launched a whistle blowing policy to expose fraud and other related crimes in the public and the private sectors.



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