EFCC uncovers N448.8m in Lagos Plaza

EFCC uncovers N448.8m in Lagos Plaza

Saturday, April 8, 2017 10:33 am


The cash recovered from the Lagos Plaza

Nigeria’s anti-graft agency,  the  Economic and Financial Crimes Commission, EFCC, says its Lagos Office, on Friday, uncovered yet another large sum of suspected laundered money to the tune of N448,850,000  in a shop at LEGICO Shopping Plaza, Ahmadu Bello Way, Victoria Island, Lagos.

Wilson Uwujaren said in a statement that the money stashed in several Ghana-Must-Go bags were in N500 and N1000 denominations, hidden in a shop awaiting conversion into foreign currency.

The EFCC Spokesperson said acting on a tip-off by a concerned whistleblower, operatives of the Commission swooped on the shopping complex and sought the identity of the owners of two shops, LS 64 and LS 67 which were under lock and key.

The shops had signages of Bureau de Change. Inquiries about the owner of shop 64 indicated that he had not been seen for a long time, as they claimed the shop had not been opened for businesses for close to two years.

Inquiries about the owner of shop 64 indicated that he had not been seen for a long time, as they claimed the shop had not been opened for businesses for close to two years.

Several calls were put to the owner of shop 67, but there was no response.

The attention of the plaza’s chairman and some traders were drawn in order to force the shops open. There was no money found in shop 67, but in shop 64 heaps of Ghana-Must-Go bags were found loaded on the floor of the shop. When the bags were unzipped they were found to contain bundles of naira notes

There was no money found in shop 67, but in shop 64 heaps of Ghana-Must-Go bags were found loaded on the floor of the shop. When the bags were unzipped they were found to contain bundles of naira notes totalling N448,850,000.

Traders interviewed at the premises claimed they were not aware that such money was housed inside the shop, as the place hardly opens for business.

The Commission said it is investigating the matter in order to unravel the owner and source of the money.

Loading...

Join The Conversation

What do you think?

This site uses Akismet to reduce spam. Learn how your comment data is processed.