A tip got from a whist blower today has driven agents of the Economic and Financial Crimes Commission, EFCC, to intercept colossal amount of cash in different currencies at the well-known Balogun market in Lagos. The cash in all was about N250 million money, which includes €547,730, £21,090 and ₦5,648,500.
Also read: N49 million cash intercepted by EFCC at Kaduna Airport
The source who gave the tip to the EFCC told them that the location of the N250 million money was changed to somewhere inside the market, so as to convert it to foreign currencies by anonymous people.
Agents reacted promptly and could find the store where the cash was kept in a Bureau de Change, BDC, office in Balogun advertise. Notwithstanding, when they arrived, a portion of the Naira had already been changed to Euro and Pounds sterling.
The two BDC operators found possessing the monies asserted that the cash was sent to them by their manager from a Northern state in Nigeria.
EFCC says the two operators are cooperative and assisting the Commission in its further investigations.
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