(VIDEO, PHOTOS) Nigeria’s Crime Commission Uncover $43.4m, N23.2m, £27,800 Cash In Lagos, Nigeria Apartment. The Economic and Financial Crimes Commission (EFCC) on April 12, 2017 stormed a residential building on the 7th floor of a four-bedroom apartment at Osborne Towers located at 16 Osborne Road, Ikoyi, Lagos, where a humongous find of foreign currencies and naira notes to the tune of $43.4m, £27,800 and N23.2m was uncovered.
More than N15 billion was found in a house today in Ikoyi area of Lagos by operatives of the Economic and Financial Crimes Commission (EFCC) acting on a tip off by yet another whistle blower.
When contacted, the EFCC spokesman in Lagos, Mr Samin Amaddin confirmed the discovery.
Officials said they raided the apartment after a tip-off about a “haggard-looking” woman in “dirty clothes” taking bags in and out of it, the agency added. The money was believed to be from unlawful activity, but no arrests have as yet been made, the agency added.
The “neatly arranged” cash was stashed in “sealed wrappers” in wardrobes and cabinets in the seventh-floor flat, the EFCC added. Guards told investigators that no-one lived in the flat, but a source reported that a “woman usually appeared on different occasions with Ghana Must Go bags”, the EFCC said.
“She comes looking haggard, with dirty clothes but her skin didn’t quite match her outward appearance, perhaps a disguise,” it quoted a source as saying.
The Minister of Information and Culture, Alhaji Lai Mohammed, said any whistle-blower whose information leads to the recovery of up to N1billion would receive 5 per cent of the amount.
According to him, the reward for any amount between one and five billion naira would be 5 per cent for the first N1billion and 4 per cent of the remaining N4billion, and that any amount over N5 billion will attract 2.5 per cent reward.
According the computation, a whistle-blower that leads Nigeria to the recovery of cash or assets worth N5billion, would earn N210million.
Mohammed said, ”For example, if a whistle blower provides information leading to the recovery of N10 billion, he or she will receive five per cent of the first one billion naira, four per cent of the next four billion naira and 2.5 per cent of the remaining five billion naira.
”What we have done by making this information public is to reassure potential whistle-blowers that the plan to reward is real. We are not just saying we will pay all whistle-blowers, but we are letting them know in advance what they are entitled to, once the information they provide leads to the recovery of looted funds.”
Mohammed had also given the assurance that the government would protect the identity of all whistle-blowers, whether in the public or the private sector, and also ensure that the information they provide is kept secret.
The apartment is on Gerard Road, Ikoyi, near the Lagos State deputy governor’s house and is said to belong to an unnamed daughter of former Peoples Democratic Party (PDP) Board of Trustees chairman Tony Anenih.
The EFCC has been on the backfoot after facing resistance from the country’s Senate and losing some key court battles. Last week, a Lagos court lifted an EFCC order freezing some $5 million in a bank account operated by Nigeria’s former first lady Patience Jonathan. An Abuja court also dismissed a corruption case against Justice Adeniyi Ademola and his wife on technical grounds. Earlier in March, Nigeria’s Senate had rejected the appointment of Buhari’s nominee to head the EFCC.
Meanwhile, the Federal High Court in Lagos has granted the request of the Economic and Financial Crimes Commission, EFCC, that the money recovered from an Ikoyi, Lagos, apartment be forfeited to the federal government. In his ruling, Justice Muslim Hassan ordered temporary forfeiture of the money to the government.
He adjourned further proceedings to May 5 for anyone interested or wishing to claim the money to make case why the money should not be permanently forfeited to the government.