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HomeOrganized crimeCondemned Naira Notes Allegedly Discovered At Benue Police Barracks

Condemned Naira Notes Allegedly Discovered At Benue Police Barracks

The Economic and Financial Crime Commission (EFCC) has allegedly uncovered a huge amount of rotten naira notes at the Nigeria Police Barracks Wadata, Makurdi, the Benue State capital.

The incident occurred on Tuesday, according to information gathered by the NIGERIACRIME.

In a viral video obtained by our correspondent, the agency, which is saddled with the responsibility of fighting illegal acquisition of wealth in Nigeria, tracked down the huge sum of money.

The video showed that the money, which was stashed in separate 50 kg white sacks, was in different denominations.

The suspected looted money bore the Unity Bank logo.

READ ALSO: Customs Seizes Smuggled Goods Worth N165m

It was gathered that the owner of the money was earlier arrested by the operatives of the anti-corruption agency and taken to their Zonal Office in Makurdi but was later freed after a series of investigations.

The incident caused an uproar in the area as many residents were seen in the video alleging that the loot belonged to a politician.

The angry residents, while showcasing the damaged money, lamented that a set of corrupt officials have looted the wealth of the country to the benefit of a few persons.

When contacted, the owner of materials who wouldn’t want his name mentioned, said he has been into the business of buying condemned money from the Central Bank of Nigeria, selling them to his customers who use them for production of other finished goods such as cartons, crates of eggs etc.

A cursory look at each of the parcels shows that the shredded monies which were in N1000, N500, N200, and N100, have been grounded and glued together like cartons after staying for many years.

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