How EFCC Uncovered $43m, £27,000, N23m In Lagos State (SEE PHOTOS)

Interesting times are here with us as EFCC is discovering  cash money at various locations in Nigeria. Recently is an apartment in Ikoyi serviced property known as Osborne Towers, following a tip off by a confidential whistleblower, EFCC Lagos office raided the apartment and found stashed cash in local and foreign currencies; $43m, N23m and £27,000 all in cash.
The total cash is believed to be in the range of N11.6b when converted using the current  exchange rate of the CBN

The identity of the owner of the funds had yet to be ascertained as  many allegations and rumours  of possibly owners have flooded the media.

The whistleblower policy of the Federal Government has been yielding positive results as money belonging to public servants are being discovered in various locations across Nigeria.

In line with the whistleblower policy of the Federal Government, the whistleblower is expected to receive nothing less than N500m as a reward.

A source at the EFCC said, “We received a tip-off from a whistleblower regarding the existence of a huge sum of cash in an apartment in Osborne Towers, Ikoyi. We were overwhelmed to see such a huge sum of money.

“We had to quickly notify officials of the Central Bank of Nigeria to come with counting machines. We have been counting the money all day and everything will be transferred to the CBN this night because we don’t have a vault that can store such a huge sum of money.

“I can tell you that the whistleblower policy is one of the best things the Federal Government has ever done to help the fight against corruption.”

As of 8:51pm on Wednesday, the money was still being counted.

Investigations by our correspondent revealed that the total cash recovery made by the EFCC in Lagos alone in the last five days sums up to N12,360,814,000 while the amount traced to private accounts sums up to N4bn.

In essence, the EFCC had made a recovery of about N16bn in the last five days due to the assistance of whistleblowers.

On Friday last week, the EFCC uncovered N448,850,000 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.

On Monday, the commission again recovered €547,730 and £21,090 as well as N5,648,500 from a Bureau de Change operator in Balogun Market, Lagos. The figure sums up to N250,558,670 when converted to naira, according to the EFCC.