EFCC recovers another N4bn

The whistle blower policy has again paid off as the Economic and Financial Crimes Commission (EFCC) on Tuesday recovered another N4billion suspected to be proceeds of crime.

The commission said the discovery was made following a tip-off by a whistle blower.

Probe into the ownership of the money linked it to a former deputy governorship candidate in Niger State.

The suspect it was learnt employs the services of two companies, Katah Property & Investment Limited and Sadiq Air Travel Agency to launder the funds.

The two companies have N2billion each deposited in their fixed in deposit account domiciled in Guaranty Trust Bank.

Read also: Again, whistle-blower leads EFCC to uncover N250m hidden cash in Lagos

The suspected owner of the fund, whose name was not disclosed and the account officer are said be on the run.
EFCC had on Monday, a day ago, uncovered N250million in Balogun Market, Lagos.

It had also on Friday, uncovered a large sum of cash to the tune of about N448,850,000 in a shop at LEGICO Shopping Plaza, Ahmadu Bello Way, Victoria Island, Lagos.

These discoveries followed tip-offs by whistle blowers.

 

 

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