BEVERLY HILLS, April 12, (THEWILL) – Operatives of the Economic and Financial Crimes Commission (EFCC) have seized about $38m, N23m and £27,000 (all cash) from an apartment in highbrow Ikoyi, Lagos following a string operation.
Wednesday’s seizure, suspected to be proceeds of graft and money laundering, is coming on the heels of at least N5bn naira confiscated by the anti-graft agency in Lagos within the last seven days.
An EFCC source, who confirmed the news to THEWILL, declined to identify the owner of the residence nor the location.
Nigeria recently introduced a whistleblower program that rewards informants with a portion of recovered stolen or laundered funds.
The EFCC had seized N4bn warehouse in a fixed deposit account in GTB on Tuesday, believed to be owned by a politician in Niger State, who is presently on the run. The agency also seized €547,730 and £21,090 as well as N5, 648,500 from a Bureau de Change operator in Balogun Market, Lagos and also confiscated N449, 000, 860 from a locked up and abandoned Bureau de Change office in Victoria Island, Lagos.
