Unlike the N250 million cash the anti-graft agency intercepted at the popular Balogun market in Lagos on Monday, the new 'illegal' funds were found in two bank accounts after a tip-off by a whistle blower.

The Commission on Tuesday, April 11, said the N4 billion belongs to a former deputy governorship candidate in Niger state, who is said to be on the run.

The suspect, who is yet to be identified, reportedly used Katah Property & Investment Limited and Sadiq Air Travel Agency to launder the funds.

Each of the companies' account domiciled in Guaranty Trust Bank has a fixed deposit of N2 billion in it, the EFCC said.

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It was learnt that the account officer is also at large.

The Commission had last week uncovered N449 million cash at an abandoned bureau de change in Victoria Island, Lagos.