N13 Billion Ikoyi Cash Haul: EFCC Takes Over NIA's Bank Accounts

  |   Nigeria News

The Economic and Financial Crimes Commission on Friday took charge of bank accounts operated by Nigeria’s foreign intelligence service, the National Intelligence Agency, the latest in a string of measures against the NIA in the wake of last month’s discovery of N13 billion in a Lagos apartment.

The cash – comprising $43.5 million, £27,800 and N23.2 million hidden inside Apartment 7B at Osborne Towers, Ikoyi – was uncovered by operatives of the EFCC on April 12. The director general of the NIA, Ayodele Oke, admitted to PREMIUM TIMES the money belonged to his agency, and was later suspended from office.

Mr. Oke said the money was meant for multiple “covert projects” across the country. This newspaper published excerpts of letters between Mr. Oke and the National Security Adviser, Babagana Monguno, which showed the NSA knew about the operation beforehand. The letters also showed President Muhammadu Buhari was informed by the NSA.

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