Economic and Financial Crimes Commission, EFCC, Monday night said
a tip-off from a whistle blower led operatives to intercept huge sums
of money in various currencies at the popular Balogun market in Lagos.
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.
Wilson Uwujaren, Head of Media and Publicity, in a statement to
DAILY POST, said the development followed information that huge cash
was being moved somewhere in the market for conversion into foreign
currencies by unnamed persons.
He added that: ”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 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.”
”Two persons apprehended in the course of the raid are helping the
Commission in its investigation”, the EFCC spokesman added.