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EFCC confirms Total Amount of Money found in a Bureau de Change Shop in Lagos to be N448Million

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The Economic and Financial Crimes Commission yesterday uncovered a large sum of suspected laundered money in a shop at LEGICO Shopping Plaza, Ahmadu Bello Way, Victoria Island, Lagos. The money stashed in several Ghana Must Go bags were in N500 and N1000 denominations, hidden in a shop awaiting conversion into foreign currency.

They counted the money on Facebook Live yesterday (watch here) and now they have confirmed the money to be to the tune of N448,850,000 (Four hundred and forty-eight million, eight hundred and fifty thousand naira) only.

Relying on information provided by a concerned whistleblower, operatives of the Commission swooped on the shopping complex and sought the identity of the owners of two shops, LS 64 and LS 67 which were under locks and keys. The shops had signage of Bureau de Change. Inquiries about the owner of shop 64 indicated he had not been seen for a long time, as they claimed the shop had not been opened for business for close to two years. Several calls were put to the owner of shop 67 but there was no response.

The attention of the plaza’s chairman and some traders were drawn in order to force the shops open. There was no money found in shop 67, but in shop 64, heaps of “Ghana Must Go” bags were found loaded on the floor of the shop. When the bags were unzipped they were found to contain bundles of naira notes totaling N448,850,000.

Traders interviewed at the premises claimed they were not aware such money was housed in there, as the place hardly opens for business.

The Commission is investigating the matter in order to unravel the owner and source of the money.

Photo Credit: Facebook – EFCC

8 Comments

  1. D man

    April 8, 2017 at 11:39 am

    You sure it wasn’t meant to be N450 million and N2 million has magically disappeared. LOL

  2. Lush

    April 8, 2017 at 11:52 am

    Wawu

  3. blackbeatle

    April 8, 2017 at 12:06 pm

    Hmmm..5percent whistleblower commission in action..but i thought BDC ”s were suppose to have huge amounts of money all the time…dont know if this is a crime scene thuogh

  4. Ggurl

    April 8, 2017 at 12:45 pm

    So if it has not been opened for 2years,how did EFCC know that there’s soo much money in the shop.?

    • X

      April 8, 2017 at 4:18 pm

      Whistleblower

  5. keke driver

    April 8, 2017 at 2:32 pm

    Jesu!!!

  6. HBT

    April 8, 2017 at 2:44 pm

    I need only N7M from that idle money for my masters. This has added to the exhibit.

  7. Arigbabu dollars

    April 10, 2017 at 7:19 am

    D owner should av borrowed me d money for business and returned same with interest after 6 months.

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