5 large bags of cash 'seized at Nigerian airport'

2017-03-19 18:03
(iStock)

(iStock)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Kaduna – At least five large black bags containing bundles of cash valued at $155 000 were reportedly seized at a Nigerian airport last week.

Nigeria's anti-graft agency, the Economic and Financial Crimes Commission (EFCC) said on its website that the cash, in the local naira currency, was still sealed when it was discovered near the check-in points at the Kaduna airport.

The anti-graft unit said that the bags were found during a regular screening, and the five bags were "unattended and without tags containing fresh bulk items suspected to be money".

The EFCC said that investigations were at an advanced stage, but the owner of the cash had not yet been identified.

"Operatives [of the EFCC] intercepted a sum of 49 million naira in five large black 150kg... sacks following a tip off.

"Upon examination, the bags were found to contain fresh crispy naira notes of N200 denomination in 20 bundles totalling forty million naira and N50 denomination in 180 bundles totaling nine million naira with seal purportedly emanating from the Nigeria Security and Minting Plc (NSPM) as seen in the labeled sealed packs," said EFCC.

This came just a month after the former head of Nigeria's state-run oil company was investigated after almost $10m in cash was found at a property he owned.

The EFCC said it had seized $9.8m million from a house belonging to Andrew Yakubu.

Nigeria is currently in recession and desperately in need of cash, having been hit hard by the slump in global oil prices since 2014 that has squeezed revenue and pushed up inflation.

 

Read more on:    nigeria  |  west africa

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

Inside News24

 
/News

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.