Loads of cash - Nigeria's EFCC 'finds $43m in Lagos flat

For a country going through an economic downturn, it seems like there is a lot of cash lying around. This is not the first or second time in the news that the Nigerian EFCC has found a huge amount of cash stashed away somewhere. 

This time, more than $43m (£34m) was seized from a flat in Lagos. The money was believed to be from unlawful activity, but no arrests have as yet been made, the agency added.

In March, EFCC said it had found "crispy" banknotes worth $155,000 (£130,000) at the airport in northern Kaduna city.

Apart from US notes worth $43.4m, investigators found nearly £27,800 and some 23m naira ($75,000) at the four-bedroom flat in Lagos's affluent Ikoyi area, the Economic and Financial Crimes Commission (EFCC) said in a statement.

Where is all these cash coming from?

Source: bbc.co.uk