BREAKING: EFCC Claims It Has Recovered N250 Million In Balogun Market (PHOTO)

BREAKING: EFCC Claims It Has Recovered N250 Million In Balogun Market (PHOTO)

Ita Ekpeyong, Lawal Daura, Yemi Osinbajo, EFCC
File Photo

The Economic and Financial Crimes Commission, EFCC, appears to have established a pattern of “finding” a huge haul of cash every few days to bolster the image of the anti-graft agency.

A few minutes ago (9pm), Monday, April 10, 2017, an e-mailed statement from the EFCC signed by Wilson Uwujaren said that the EFCC had “intercepted huge sums of money in various currencies at the popular Balogun market in Lagos”.

According to the statement, 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,” Uwujaren claimed.

The ‘N250 million’ in cash intercepted by the EFCC at Balogun Market, Lagos on Mon, April 10, 2017 | EFCC Handout

“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 outfit’s 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,” the statement ended.

Two weeks ago, the EFCC, in dramatic fashion announced that it had intercepted N450 million in the Kaduna International Airport. No update was given to Nigerians as to who owned the money.


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