The N50 billion cash in local and foreign currencies recovered by the EFCC from a residential apartment at Osborne Towers, Ikoyi, Lagos, has been found out is part of the N57.2 billion released to the National Intelligence Agency (NIA) by the Nigerian government in February 2015.
The National Security Adviser (NSA) released the cash provided by the Central Bank of Nigeria (CBN).
Former NSA, Sambo Dasuki detained by the DSS said he approved the funds for “special services” he asked the NIA to undertake.
Following the discovery of the N50 billion, the NIA authorities told President Muhammadu Buhari that former President Goodluck Jonathan approved the fund for some “crucial and covert security projects.”
Presidency sources believe the cash is the balance of the N57.2billion released to the NIA for the controversial “special services.”