EFCC Recovers N250Million Cash From Balogun Market, Lagos Today (Pics)

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Relying on another whistle blower's tip -off, the Economic and Financial Crimes Commission recovered yet the sum of N250,558,670 (Two Hundred and Fifty Million, Five Hundred and Fifty Eight Thousand, Six Hundred and seventy Naira) only, which is the parallel market naira value of the money recovered from a Bureau de Change operator in Balogun Market, Lagos today, April 10, 2017.

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.




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