EFCC Recovers N250 Million From Balogun Market In Lagos (Photos)


Another huge money has been found in a Lagos market few days after the Economic and Financial Crime commission (EFCC) recovered over 449m in Lagos Plaza. Report has it that a whistle-blower discovered a sum of N250m and blow out the whistle to the EFCC officials

The recovery followed information that about N250 million cash was being moved somewhere in the market for conversion into foreign currency.


Operatives responded timely to the scene, met the money in the BDC office, but a large chunk of it had been converted into Euro and Pounds sterling.

The BDC operators found in possession of the monies claimed they were acting on behalf of their boss who sent the money to them from one of the Northern states in Nigeria.



The converted monies were €547,730 and £21,090 as well as N5,648,500 which was to be converted, but for the coming of EFCC operatives.

Two persons were apprehended, and they are helping the commission in its investigation.

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