EFCC Discovers About N5 billion naira Hidden in a Plaza Shop(Photos)

The Economic and Financial Crimes Commission (EFCC), Lagos zone, yesterday being 07/04/2017 during evening hours, uncovered yet another huge sum of  money suspected to be laundered,amoount estimated around N448,850,000 (Four hundred and forty eight million, eight hundred and fifty thousand naira) hidden in a shop at 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 naira notes, hidden in a shop awaiting conversion into foreign currencies. Relying on information provided by a concerned and unknown whistle blower, operatives of the Economic and Financial Crimes Commission carried out a sudden attack into 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. inqiuries about the owner of shop 64 indicated he had not been seen by anybody around the premises of the plaza in question for a long time, as they claimed the shop had not been opened for business for close to two years ans some months. Several calls were put to the owner of shop 67 but there were no responses.

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 which in total was about 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.


                              More photos of the incidence .