More than $43-M cash found ‘neatly stashed’ in an apartment in Nigeria

  • More than $43-M cash have been found neatly stashed in an apartment in Nigeria
  • The discovery was made by a government anti-corruption unit
  • So far a governor and a government agency has both claimed ownership of the staggering cash find
Image from Quartz

Over $43-M in cash have been found by Nigeria’s anti-corruption unit neatly stashed in an upscale apartment in the capital Lagos last week.

According to CNN, the discovery was made by the Economic and Financial Crimes Commission (EFCC) during a raid on Tuesday after acting on a tip-off from an anonymous caller “about a ‘haggard woman in dirty clothes’ taking bags in and out of the apartment.”

The mountain of paper bills include $43.4 -million, 23-million Naira and £27,000, for a total of 13-billion in local currency Naira.

The money were found neatly arranged inside cabinets “hidden behind wooden panels of a bedroom wardrobe.”

So far, both Governor Nyesom Wike of Rivers State and the National Intelligence Agency has claimed ownership of the money which is believed to have been proceeds from illegal activities.

Image from Quartz

However, this also raised doubts as to who could be the real owner of the money, especially that it involves millions of cash in three different currencies.

Meanwhile, the civil society organization Socio-Economic Rights and Accountability Project (SERAP) has urged Nigerian President Muhammadu Buhari to resolve the controversy surrounding its ownership.

“Clearing the doubts surrounding the real identities of those behind the Ikoyi cash haul would demonstrate that the president values transparency over secrecy, provide further encouragement to blow the whistle on governmental corruption, and enhance the public right to know,” the group said in a statement.

Government authorities are still investigating the incident.