The Economic and Financial Crimes Commission (EFCC) on Tuesday seized about N4 billion cash allegedly belonging to a former deputy governorship candidate from Niger State.
The anti-corruption agency believes the cash seizure which was made with the help of a whistle blower are proceeds of corruption or corrupt practices.
EFCC’s spokesman, Wilson Uwujaren, while confirming the cash haul, said the agency had begun a manhunt for the suspected owner whose names were not made public.
“Investigations as to the owner of the cash revealed that the money belongs to a former deputy governorship candidate in Niger State. The suspect uses the names of two companies –Katah Property $ Investment Limited and Sadiq Air Travel Agency in laundering the funds,” Uwujaren said.
“Each of the companies had N2 billion fixed in its deposit account domiciled in Guaranty Trust Bank. The suspected owner of the account and the account officer are currently on the run,” he added.
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