EFCC recovers €547,730 and £21,090, as well as N5,648,500 from Balogun Market Lagos

Currency Naira

The Economic and Financial Crimes Commission EFCC, Monday night said a tip-off from a whistle blower led operatives to intercept huge sums of money in various currencies at the popular Balogun market in Lagos.

The monies include €547,730 and £21,090, as well as N5,648,500.

The total haul is about N250m at the prevailing exchange rate at the parallel market.

Wilson Uwujaren​, Head ​of ​Media ​and Publicity​, in a statement said ​the development followed information that ​huge cash was being moved somewhere in the market for conversion into foreign currencies by unnamed persons.