Whistleblower Leads EFCC to Suspicious N4bn at GTB

A whistleblower has led the Economic and Financial Crimes Commission (EFCC) to a sum of N4 billion kept in two separate accounts at GTB Plc.

According to EFCC, the money was suspected to be proceeds of crime.

EFCC agents found that the money belongs to a former deputy governorship candidate in Niger State.

Newsmakersng learnt that the suspect used the names of two companies – Katah Property & Investment Limited and Sadiq Air Travel Agency – in laundering the funds.

Each of the companies has N2 billion fixed in its deposit account domiciled in the bank.

The suspected owner of the account and the account officer are allegedly on the run.

Whistleblowers have become very active in recent days, exposing slush funds and accounts to the authorities, especially the EFCC.

One of them led EFCC operatives to intercept a cash haul in various currencies at the popular Balogun Market in Lagos yesterday.

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

The total haul was about N250million at the prevailing exchange rate at the parallel market.

The interception followed information that about N250 million cash was being moved somewhere in the market for conversion into foreign currencies by unidentified persons.

EFCC agents responded timely and met the money in Bureau de Change office, but a 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.

Last week, it was also a whistleblower that led the EFCC operatives to huge cash kept in bags at a Bureau de Change in LEGICO Plaza at Victoria Island in Lagos.

The agents found N448.85million inside Shop 64, when it was forced open.

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