EFCC intercepts another €547,730, £21,090, N5.6m cash in Lagos

EFCC intercepts another €547,730, £21,090, N5.6m cash in Lagos

A whistleblower has led operatives of the Economic and Financial Crimes Commission, EFCC, to intercept a 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 N250m at the prevailing exchange rate at the parallel market.

The interception followed information that about N250 million cash was being moved somewhere in the market for conversion into foreign currencies by unidentified persons.

Operatives responded timely, met the money in Bureau de Change office, but a 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




  1. Looted money from left, right and centre by politicians and their close associates, top civil servants and private sector money bags that deal with politicians
    Resean why the state of Nigeria’s infrastructural develop is in such a terribleness mess
    So sad

  2. I hope this is not the last we will hear of this story? They should tell us the outcome of their investigation o.

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