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EFCC Discovers 38 Million Dollars In Private Residence In Lagos

Officials of Economic and Financial Crimes Commission has found thirty eight million US dollars, twenty seven thousand euro and twenty three million naira in a private residence on Gerrard Road, Ikoyi, Lagos.

The commission acted on a tip-off by yet another whistleblower.

EFCC spokesman in Lagos, Mr Samin Amaddin, who confirmed the discovery, said the agents, who went on the mission, were yet to return to base last night.

The Federal Government recently spelt out the benefits awaiting whistleblowers as it also pledged to protect them.

Minister of Information and Culture, Alhaji Lai Mohammed, said any whistleblower whose information led to the recovery of up to one billion Naira would receive five per cent of the amount.

According to him, the reward for any amount between one and five billion naira would be five per cent for the first one billion Naira and four per cent of the remaining four billion Naira , and that any amount over five billion Naira will attract two point five per cent reward.



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