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Breaking: EFCC uncovers another N250m cash haul from Balogun market

Two suspects have been detained shortly some days after huge amount of money was recovered from a plaza in Lagos. EFCC (Economic and Financial Crimes Commission), on Monday uncovered another N250 million from the popular Balogun Market still in Lagos. But just like the previous haul last week, the owner of the cash could not be identified.

The discover of the huge cash according to a statement by the EFCC’s Spokesman, Wilson Uwujaren, followed a tipoff by a whistle blower, whose information forced operatives to swoop on the market. The cash, which belongs to an unnamed top official from one of the northern states, was to be changed into foreign currencies in the market in Lagos. The breakdown of the money, which is worth N250 million at the current parallel market rate of N306 to the Dollar. “The intercept followed information that about N250 million cash was being moved somewhere in the market for conversion into foreign currencies by unnamed persons. “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.

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