It is certainly a season of mind-boggling cash hauls in Nigeria. Thanks
to a Whistle Blower, the Economic and Financial Crimes Commission, EFCC,
recently unraveled a staggering $43.4 million (about N14 billion) warehoused inside
the infamous ‘’Apartment 7B’’ at Osborne Towers, Ikoyi, Lagos. Prior to the #IkoyiGate
cash haul, the EFCC also uncovered bundles of naira notes totaling about N450 Million inside ‘Ghana-must-go’ bags at shop LS64 Legico Plaza,
Nigerian Air force Camp, Victoria Island, Lagos State. A whopping $9.8 million
(about N3 billion) was also recovered
from the former Group Managing Director of the Nigerian National Petroleum
Corporation, NNPC, Mr. Andrew Laah Yakubu, on February 3, 2017; while N250 million was hauled from the popular
Balogun Market, also in Lagos. Not forgetting the N49 million cash that was reclaimed by the EFCC at the Kaduna
Airport a while ago. The federal government also submits that $151 million (N46
billion) was seized from a fake account in an unnamed commercial bank. All in
all the Nigerian government brags that thanks to the whistleblowing policy, at
the conservative parallel market rate of N306
to the US dollar, the least value of the humongous cash so far confiscated
amounts to N73 billion in the last four months (December 22, 2016 to April 2017).
