The Economic and Financial Crimes Commission, EFCC, Lagos zone, Friday uncovered yet another large sum of suspected laundered money to the tune of N448,850,000 (Four hundred and forty eight million, eight hundred and fifty thousand naira) only in two of the shops at a Plaza, in Victoria Island, Lagos.
According to the EFCC, the money stashed in several bags popularly called ‘Ghana Must Go’ were in N500 and N1000 denominations, hidden in the shops and awaiting conversion into foreign currency. Relying on information provided by a concerned whistle blower, operatives of the Commission swooped in on the shopping complex and sought the identity of the owners of the two shops, LS 64 and LS 67 which were under locks and keys.
The shops had signages of Bureau de Change. Inquiries about the owner of shop 64 indicated he had not been seen for a long time, as they claimed the shop had not been opened for business 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 totalling N448,850,000.
Traders interviewed at the premises claimed they were not aware such money was housed in there, as the place hardly opened for business. The Commission is investigating the matter in order to unravel the owner and source of the money.
Similarly, a whooping N250Million was discovered in Balogun Market by the EFCC relying on another whistle blower’s tip-off the recovery followed information that about N250 million cash was being moved somewhere in the market for conversion into foreign currency.
Operatives responded timely to the scene, met the money in the BDC 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.
The converted monies were €547,730 and £21,090 as well as N5,648,500 which was to be converted, but for the coming of EFCC operatives.
Two persons were apprehended, and they are helping the commission in its investigation.