The EFCC has discovered another N4billion. Investigations reveal that the money belongs to a former deputy governorship candidate in Niger state.
Days after raw cash was discovered inside a plaza in Lagos and barely 24 hours N250 million was again discovered inside the popular Balogun market in Lagos state, the Economic and Financial Crimes Commission has again discovered another N4billion.
A tip-off by a whistle blower on Tuesday, April 11 led to another discovery by the EFCC, of a staggering sum of N4billion suspected to be proceeds of crime.
Investigations as to the owner of the funds revealed that the money belongs to a former deputy governorship candidate in Niger state.
The suspect uses the names of two companies– Katah Property & Investment Limited and Sadiq Air Travel Agency- in laundering the funds.
Each of the company has N2billion fixed in its deposit account domiciled in a first generation bank.
The suspected owner of the account and the account officer are currently on the run.
Watch the arraignment of Andrew Yakubu, a former group managing director of the Nigerian National Petroleum Corporation (NNPC).
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