EFCC Discovers N448.8m inside a Shop in Lagos

The Economic and Financial Crimes Commission, Lagos office on Friday discovered 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.
It was believed to have been hidden in the shop awaiting conversion into foreign currency.
Acting on a tip-off by a concerned whistle blower, operatives of the EFCC swooped on the shopping complex and sought the identity of the owners of two shops, LS 64 and LS 67, which were under lock and key.
The shops had signages of Bureau de Change.
Inquiries about the owner of Shop LS 64 indicated that he had not been seen for a long time as they claimed the shop had not been opened for businesses for close to two years.
Several calls were put to the owner of Shop LS 67, but there was no response.
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 LS 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 totaling N448,850,000.
Traders interviewed at the premises claimed they were not aware that such money was housed inside the shop as the place hardly opens for business.
The Commission is investigating the matter in order to unravel the owner and source of the money.