The Economic and Financial Crimes Commission (EFCC) yesterday said a tip-off by a whistle blower led to the discovery of another N4billion suspected to be proceeds of crime.
Investigations as to the owner of the funds revealed that it belong to a former deputy governorship candidate in Niger State, a statement from EFCC spokesman, Wilson Uwujaren said.
He said the suspect used the names of two companies- Katah Property & Investment Limited and Sadiq Air Travel Agency- in laundering the funds.
“Each of the company has N2billion fixed in its deposit account domiciled in Guaranty Trust Bank,” he added.
He said the suspected owner of the account and the account officers are currently on the run.