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Whistleblower Policy: EFCC Uncovers $43.4m, £27,800 and N23.2m Stashed in an Apartment in Lagos

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The Economic and Financial Crimes Commission (EFCC) on Wednesday uncovered yet another stash of foreign currencies and Naira notes in Lagos.

At the end of counting, the sums stood at $43.4 million, £27,800 and N23.2 million, the commission said in a statement on its Facebook page.

This time, the monies were found in a four-bedroom apartment on the 7th floor of a residential building at Osborne Towers located at 16, Osborne Road, Ikoyi.

The facility is said to be owned by Osborne Towers Resident Association.

The house where the monies were discovered

The commission said the discovery followed an operation triggered by a whistleblower’s alert received by its Lagos office on Wednesday morning.

The source was said to have noticed suspicious movement of bags in and out of a particular apartment in the building.

According to the source, the movers of the bags made it look like they were bringing in clothes.

The commission quoted another source, who is conversant with the apartment, as saying that a woman usually appeared on different occasions with ‘Ghana Must Go’ bags.

“She comes looking haggard, with dirty clothes but her skin didn’t quite match her outward appearance, perhaps a disguise”, EFCC quoted the source as saying.

“On getting to the building, operatives met the entrance door locked. The guards at the gate told the operatives that nobody resides in the apartment, but some persons come in and out once in a while. In compliance with the magisterial order contained in the search warrant, the EFCC used minimum force to gain entrance into the apartment,” it said.

According to the commission, monies were found in two of the four bedrooms in the apartment.

Further search by operatives into the wardrobe in one of the rooms revealed that it was warehousing three fire proof cabinets hidden behind its wooden panels.

An assessment of the content of the cabinets revealed neatly arranged US Dollars, Pound Sterlings and some Naira notes in sealed wrappers.

Preliminary findings, the EFCC said, indicated that the funds were proceeds of unlawful activity.

The commission said investigation into the discovery has started.

Photo Credit: Facebook – EFCC

38 Comments

  1. Anon

    April 13, 2017 at 8:02 am

    Hmm I’m weak,I’ve got nothing else to say.

    • Oversabi

      April 13, 2017 at 12:31 pm

      You do not get this type of money off the Mallam. It could only hv come from the CBN. This looks fishy.

    • Ndu

      April 14, 2017 at 1:12 am

      You can get mint FOREX from a registered BDC, CBN sells directly to them alongside banks and there are many of them who will look the other way for high net worth clients.

    • Anne

      April 13, 2017 at 2:27 pm

      Anyway, that aside. When will the government sign an order so that the funds that have been recovered reflect on the economy. People are still shouting recession and committing suicide in Nigeria and I am personally tired of money recovery exploits with no visible fruit showing in the life of the average Nigerian. When will the funds be redistributed. Stop showing get me recoveries with no change.

    • iyaw

      April 13, 2017 at 4:39 pm

      The money can’t go to the treasury until what ever court cases that comes from their recovery is settled

  2. Olalekan Isaac

    April 13, 2017 at 8:26 am

    People steal what they don’t need and suffer innocent people who are looking for N100 for food,and lavish money on their girl friends when their relative and citizen of our great Nigerian are wallowing in abject puberty

  3. Bee

    April 13, 2017 at 8:31 am

    Jehova, all this money in raw cash?
    the day i buried my dad is when i knew life is nothing, all he worked for houses and cars nothing went with him, Just a bible and the coffin. Take it easy life is not that serious, love comfortably and be happy. Chei

    • BigJoy

      April 13, 2017 at 11:57 am

      I agree. we buried my best friends mom last weekend and i can say categorically that this life is truly nothing. i have decided to shey jeje!

  4. Sweetness

    April 13, 2017 at 8:36 am

    My question is, where does all this discovered money go?

    • Dammy's queen

      April 13, 2017 at 9:43 am

      the same question that have been asking for so long….

  5. Zara

    April 13, 2017 at 8:44 am

    All theae money and i cant boast of 1000naira in my account. What am i saying sef 100naira i cant boast of. God i just gave u 10missed call this morning abeg pick up my call. Hmmmm

  6. onyi

    April 13, 2017 at 8:49 am

    only a selfish and greedy man will do this . Is there no body or organization that half of this loot can help. this is the reason why we are the way we are today as a nation. even as individuals we keep things that we don’t have need for e.g 10 boxes of cloth, when you next door neighbour is wearing rags. LOVE & GENUINE CARE FOR OTHERS DRIVES GREED & SELFISHNESS AWAY.

    • Nakoms

      April 13, 2017 at 9:20 am

      “only a selfish and greedy man will do this ”

      The money was found in the home of a WOMAN. She was ex NNPC boss.

  7. bruno

    April 13, 2017 at 8:49 am

    nigerians open ur eyes. this looks very fishy.

    efcc why don’t you people not know how to do ur job. according to reports, a woman comes there every once in a while with ghana must go bags. why couldn’t u people wait, keep the apartment under suveliance. wait for the woman to come as usual with her ghana must go bags and then jump out and arrest her. question her thoroughly so she can tell us who is sending her to be dumping money in the apartment instead very unprofessional efcc just went and broke the door open. now will the so called woman come back again? how are we going to know who the owner of the money is? how are we going to know the source of the money? how are we not sure sef that they have other apartments where they dump stolen money. this particular woman could have lead u guys to so much more if only u people had patience. u people don’t know how to carry out an operation. pls questions every single soul in that apartment complex. the owner of the building,the agent etc. the most important thing is not the money but who is stealing is.

    This is the kind of news and pictures that will excite many nigerians. JESUS see money oh blah blah blah.
    pls we are not interested in seeing huge bundles of cash, we are interested in finding the people who are stealing our money and throwing them in prison. This is not fighting corruption. this is a publicity stunt as far as I’m concerned.

    • Shior

      April 13, 2017 at 9:04 am

      Reasoning faculty of a 5 yr old

    • AceOfSpades

      April 13, 2017 at 11:29 am

      You are the one reasoning like a 5 yr old. So if your 1000 (all mint 10 naira notes) got missing and you find someone is bringing 50 naira to keep in a bank you work in every week. You’d rather freeze the account with prolly 200 inside rather than waiting for next deposit to catch the person coming to keep the money in the bank and discovering the thief plus the rest of the money?

      Just cover your head in shame!

    • SoniaPaloma

      April 13, 2017 at 9:14 am

      Exactly, how can they just burst into the building and pack all the money without checking for ways to catch the culprit? there are so many illegal activities that are under surveillance for a very long time in the western world, all that is to enable them get to the main source and put an end to it from the root. EFCC will just go and burst doors open and pack money without getting to the root of where the money is coming from, how is that fighting corruption? the culprit is still going to continue and look for other tactics to keep siphoning funds

      Some people are too damn greedy, what are you going to do with all this money when there are so many people suffering in the same country you are in? na wa oo

    • Debramed

      April 13, 2017 at 9:16 am

      You made a lot of sense my dear. A lot of such places where huge sum like this were hidden have been discovered in recent times, yet things are still the same way in Naija. May God help us in this country

    • nnenne

      April 13, 2017 at 11:48 am

      @ Bruno… Good to know that somebody reasons like I do!
      Thanks Bruno. It’s hard to separate propaganda front the real deal, these days.

    • nnenne

      April 13, 2017 at 11:50 am

      Propaganda from the real deal. …

    • dhoney

      April 13, 2017 at 2:58 pm

      ….typical reasoning of our youths in this generation. Please re-read what you wrote and you may discover on time that you need brain replacement..smh

    • Chartreuse

      April 13, 2017 at 4:16 pm

      They know who the person is, they do not want to disclose it.

  8. Seriously

    April 13, 2017 at 9:07 am

    So true. EFCC, until you investigate abs prosecute that’s when we will believe Buhari is truly fighting corruption.
    And when FG become transparent what they do and plan to do wit the recovered embezzled money.

    • Rali

      April 13, 2017 at 9:39 am

      Spend it on Xmas hampers lol

  9. Stephen Ron Wells

    April 13, 2017 at 9:33 am

    Fishy .Wash.wayo
    Zoo Nation

  10. Anon

    April 13, 2017 at 9:50 am

    Nakoms what are you saying. It’s a house registered to Adamu Muazu. A penthouse he even resides in

  11. Madman

    April 13, 2017 at 9:55 am

    FAKE NEWS. APC, fake news.

  12. OMOH

    April 13, 2017 at 9:56 am

    Seems fishy, hope Magu/EFCC is not behind this to make it seem like they are working?

  13. Bubu

    April 13, 2017 at 10:13 am

    Awon Whistle blower gang. #TeamWhistleblower. How come the monies are always so neatly packed like just came out from minting room.

  14. Funms

    April 13, 2017 at 10:20 am

    I’m sad.

    For how long will this go on? To think that I drive by this building everyday on my way to work…. This morning I looked at all the tall and “empty” looking apartment buildings in Ikoyi with a different eye (lol).

    Will the change we so desperately need ever come? I’m afraid to even think of the answer

    Did you all hear about the recently convicted ex Governor who was released by prison officials to fly to Dubai on medical grounds? The one major conviction we have seen so far!

    Seems like no matter what we the people want, these people will always win.

    I’m sad.

  15. sharon

    April 13, 2017 at 10:24 am

    So after this what else? Are they prosecuted? Or they just take the money and let them go?

  16. NIRA

    April 13, 2017 at 10:39 am

    The judiciary should rise to the occasion, it is not enough to make these arrests and charge them to court only for them to get freed by the judge. Unfortunately, the EFCC cannot guarantee a successful prosecution cos oftentimes, the judges already have a mindset on what they want to do. The judiciary is really our problem, although sometimes even EFCC lawyers allegedly mess up the cases so they’d lose. This country is just tiresome. From Malabu deal to millions of dollars in ppl’s homes; how we still exist as a nation despite the looting, is a miracle.

  17. Bee

    April 13, 2017 at 11:43 am

    Isn’t it convenient and comfortable how the EFCC seems to find neatly stacked piles of cash at odd locations but have lost pretty much all the corruption cases it had the misfortune to go to court for? Looks like they are only good at counting money and don’t have time for any worthy investigative jobs. Please where have all the monies ‘recovered’ gone to?

    • iyaw

      April 13, 2017 at 4:51 pm

      That is why they engaged the whistle blower policy. I guess Corruption cases are harder to flight if the money disappears with witch craft accounting.
      You equally require many wizard accountants to find it. Once the money makes it way abroad/ into a shell company, good luck finding it.
      It is hard to prove bribery or robbery if you can’t trace the money.

  18. Dee

    April 13, 2017 at 12:44 pm

    Aunty Esther I can’t believe you did this! Maybe God just wanted to expose you and no one should say APC propaganda because this woman became a boss in NNPC under the APC! She gave testimony sef! Hayyyyy smh I want to write more but Bella might not post. Kai

  19. concerned9a

    April 13, 2017 at 2:08 pm

    Former National Chairman of the Peoples Democratic Party (PDP), Mr. Adamu Muazu is the alleged owner of the Ikoyi, Lagos luxury apartment, where operatives of Economic and Financial Crimes Commission (EFCC) seized about $38m, N23m and £27,000 (all cash)

  20. Nigerian

    April 13, 2017 at 5:02 pm

    Biko, I want to become a whistleblower. Scratching my head and thinking of possible people to blow on.

  21. peepee

    April 19, 2017 at 12:04 am

    God will deliver this country in Jesus name. i am tired of all these news that will not help the common man. i hope all this monies thief will not thief thief? hhhmmmmmmmmmmmmmmmmm

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