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Tuesday, 11 April 2017

Whistleblower leads EFCC to N250m cash at Balogun market in Lagos

A tip received from a whistle blower today has led operatives of the Economic and Financial Crimes Commission, EFCC, to intercept huge sums of money in various currencies at the popular Balogun market in Lagos. The money which totaled about N250 million cash, include €547,730, £21,090 and N5,648,500.

A whistle blower gave a tip to the EFCC informing them that N250 million cash was being moved somewhere within the market to be converted into foreign currencies by unnamed persons.

Operatives responded immediately and were able to locate the store where the money was stored in a Bureau de Change, BDC, office in Balogun market. However, by the time they got there, some of the Naira had already been converted to Euro and Pounds sterling.
The two BDC operators discovered in possession of the monies claimed the money was sent to them by their boss from a Northern state in Nigeria.

EFCC says the two operators are cooperative and helping the Commission in its investigation.

33 comments:

BONARIO NNAGS said...

Nice one.
We must kill corruption before it kills Nigeria.



. ~BONARIO~says so via NOKIA LUMIA

Adebayo said...

This is big money men... the whistle blower gets five percent. Here is how to get a big penis

dee boi said...

Na wah for dis daily whistle blower ooooo... dee

Odibe Blessing said...

Hmmmmmmmmm

Alloy Chikezie said...

Northerners with plenty of money in foreign currencies, they're inseparable

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Vivian Reginalds said...

nna whistle blowing na real business!
-D great anonymous now as Vivian Reginalds

ogbonna nwabueze said...

See our money moving from one place to another and the people are hungry and hopeless. God dey sha

KING SOLOMON said...

First tin First! is the money stolen money? when the case goes to court now, una (EFCC) go lose the case. No proper investigation. Anywhere una hear say huge money dey una go run enter go seize because una dey look for una own inside. UNA CORRUPT TOO.

mabogunje Oluwa Josh said...

seen

Anonymous said...

This is no prove that its corrupt money. This may even be the case that a disgruntled individual is looking for cheap ways of cashing in on 5%... Hardworking and legit citizens have the right to keep money they way they wish, EFCC should go after the right persons and stop wasting tax payers money.

RareSpecie Z said...

Lol.
True talk tho.

Hrm paul said...

King Solomon God bless u,u get sense.If as a business man I change my moni to hard currency is it a crime useless EFCC

Anonymous said...

for now I will go with the person that wants the EFCC to prove that it is a stolen money. Once people hear or see a large sum of money it is a stolen one. God will help us to do the right thing at the right time.

daniel ubong said...

It's could be a business money,why are they rushing! They should do and make a proper investigation abeg.

Anonymous said...

And what happens when u only fight d corruption/cancer outside u and leave the one inside u...... u rot or live ? God is watching all of us in HD.....congrats to mama peace !!!

Anonymous said...

I'm in need of food items please I'm pleading anyone that has spare food stuff please assist me thank you.
Franciscafrancisca638@gmail.com

Anonymous said...

That is why we are called developing country when we think like one,reason why EFCC is arresting and taking the money was because like in developed countries that most of us are running to,you must show evidences what you do,and how you came about such amount of huge currency otherwise your character in the society is questionable. may be they are kidnappers that have been collecting several money,this can be a good lead,we must stop corruption by all means to make naija great again. DShoemaker

etooluwa atere said...

Mr man keep quiet. The money is obviously stolen that's why it had to be converted quickly to pounds and euros to make it lightweight and easy to be laundered. Besides which sane man has 250 mill in cash if he didn't steal it

Efe Esevbode said...

This is corruption at its height. What Do You Know About Stun Gun (A Self-Defense Tool)

Anonymous said...

So people are no longer allowed to have money? This is why EFCC loses cases in court. No evidence. Media trials

kas Igies said...

Were are the suspects money is been discovered everywhere but no one is arrested?

Anonymous said...

It's a no brainer that the money can't be legit. In this era of cashless banking, who makes such huge cash transactions with the guy to put him in possession of such huge cash. Pls let's call a spade a spade and stop justifying economy robbers, saboteurs and rogues.

Anonymous said...

It must not be stolen money before anti Graft agents must make arrest. It's seems you guys failed to realise that we also have laws against money laundering hence the herculean task in getting huge sum out of our bank deposit in cash

samuel Ezebuchi said...

Linda,its sacrosanct u keep us informed after Efcc might hv concluded their investigations. Thank U.

Unknown said...

The sole fact that money was converted doesn't mean it was stolen......

Unknown said...

The sole fact that money was converted doesn't mean it was stolen......

Unknown said...

The sole fact that money was converted doesn't mean it was stolen......

Nicholas Enechukwu said...

The sole fact that money was converted doesn't mean it was stolen......

Anonymous said...

Which yeye sense? Why he no do am through bank transfer? Make una go check wet in be money laundering

Anonymous said...

It is well with you. May God help you

Okowright Balaxy said...

After recovering the money, Magu and his boys will relooting it.

Okowright Balaxy said...

After recovering the money, Magu and his boys will relooting it.

Pretty woman friend said...

Efcc...God wl punish u pp..so any plenty money is stolen? Awon oloriburuku.... They wl recovered n re-stolen

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