Nigeria's anti-corruption agency discovered $43 million in cash at a Lagos apartment
This is the latest in a string of busts thanks to a new whistleblowing policy
The Nigerian anti-corruption unit discovered more than $43 million in US dollars at an upscale apartment in Lagos.
The anti-graft agency said it raided the Lagos apartment after a tip about a “haggard” woman in “dirty clothes” taking bags in and out of the unit.
The agency said it also found 23.2 million naira (Nigerian currency worth $75,000) and £27,800 (UK currency, worth $35,000 US) “neatly arranged” inside cabinets hidden behind wooden panels of a bedroom wardrobe.
The commission said the funds are “suspected to be proceeds of unlawful activity” but no arrests have been made yet.
Nigeria has struggled with corruption and looted funds for decades, but the watchdog unit has been on a lucky streak.
These gains have been credited to a whistleblowing policies launched in December by Nigeria’s finance minister.
Those seizures were widely credited to a new policy in which whistleblowers can anonymously provide information through a secure portal. If the information leads to the recovery of stolen public funds, the whistleblower is entitled to 2.5% to 5% of the total money recovered.
In February, the minister of information, Lai Muhammad, said the policy has led to the recovery of over $180 billion.