EFCC recovers another N250,558,670 in a shop in Lagos

The Economic and Financial Crimes Commission (EFCC) has discovered another money days after it recovered N480m.

The commission recovered €547,730 and £21,090 as well as N5,648,500 from a Bureau de Change operator in Balogun Market, Lagos when converted to Naira,it was N250,558,670

The EFCC said on its official Facebook page that the recovery followed information that about N250m cash was being moved somewhere in the market for conversion into foreign currency.

It said following a tip-off from a whistle-blower, some operatives of the commission responded timely to the scene, met the money in the BDC office, but a large chunk of it had been converted into euros and pounds.

The statement read in part, “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 intervention of the EFCC operatives.

“Two persons were apprehended and they are helping the commission in its investigation.”

Meanwhile, sources within the commission told our correspondent that no one had come forward to claim ownership of the N489m seized last week.

Source: ( Punch Newspaper )