Skip to main content

EFCC Recovers N250Million Cash From Balogun Market, Lagos Today (Pics)



Relying on another whistle blower's tip -off, the Economic and Financial Crimes Commission recovered yet the sum of N250,558,670 (Two Hundred and Fifty Million, Five Hundred and Fifty Eight Thousand, Six Hundred and seventy Naira) only, which is the parallel market naira value of the money recovered from a Bureau de Change operator in Balogun Market, Lagos today, April 10, 2017.

The recovery followed information that about N250 million cash was being moved somewhere in the market for conversion into foreign currency.

Operatives responded timely to the scene, met the money in the BDC 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.

The converted monies were €547,730 and £21,090 as well as N5,648,500 which was to be converted, but for the coming of EFCC operatives.
Two persons were apprehended, and they are helping the commission in its investigation.

Comments

Popular posts from this blog

Forbes- Top 10 Richest Men In Nigeria 2017

Every year, a renowned website named forbes gather relevant informations and come up with the richest men in the world, in Africa and in Nigeria. As 2017, 9 Nigerians make the billionaires club cut with a some, just few million dollars away from reaching the bench mark. Below are the top 10 richest men in Nigeria according to forbes ranking 2017. 10. Oba Otudeke: Oba Otudeke is the chairman and founder of the honey well group. He is also the chairman of FBN Holdings Plc. His operations spread across oil and gas, flour minning, real estate, and marine transportation.Net Worth: $650 million. 9. Jim Oviah: Jim Oviah is the founder of Zenith Bank. He is the chairman and the largest shareholder with a stake of almost 10%. He also manages a mobile telecom Visafone which has over 3 million subscribers. Net Worth: $1 billion. 8. Orji Uzor Kalu: The former governor of Abia State. He is the founder and chairman of Slok Holding. A conglomerate with interest in ...

Jay Jay Okocha, Ronaldinho And Valdarama Pictured Together (photos)

Nigerian football legend, Jay Jay Okocha met with Brazilian legend Ronaldinho on tour in Bahrain. Both footballers were team mates at Paris St Germain FC. It is rumored that Jay Jay was a source of influence on Ronaldinho's style of play. Both were joined by Carlos Valdarama who won the South American Footballer of the Year award in 1987 and 1993, and in 1999.

Lagos Task Force Prosecute 114 Mushin Thugs,destroy 'weed' Worth Millions (pics)

The Lagos state task force has prosecuted 114 hoodlums linked to a fracas that occurred in Mushin a few weeks ago. Following the clash between the hoodlums from Alamutu and Akala-Elegba boys in Mushin Local Government, 114 of them were arrested alongside an alleged notorious killer and rapist from the council. Meanwhile, the Taskforce also destroyed Indian hemp, codeine and other illegal drugs worth millions of Naira recovered earlier from the communities. The prosecution of the 114 hoodlums including two females, was a sequel to the prosecution of 36 suspects arrested during the fracas that left scores of residents dead and others injured. The alleged notorious rapist identified as ‘Lanre Olowojobi (a.k.a Pumpy), an indigene of Ekiti State, confessed that since the fracas started seven years ago, he had killed and injured several residents with his weapons. The 37-year-old suspect said: “the ‘Pump Action’ guns and other weapons used during any fracas within...