Officials of the anti-corruption agency raided the flat after a tip-off about a “haggard-looking” woman in “dirty clothes” taking bags in and out of it.

The EFCC personnel said that no-one lived in the flat, but a source reported that a “woman usually appeared on different occasions with Ghana Must Go bags.”

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“She comes looking haggard, with dirty clothes but her skin didn’t quite match her outward appearance, perhaps a disguise,” it quoted a source as saying.

The money found in the flat is believed to be from illegal activities.

This is not the first raid with uncovered bundles of cash in Nigeria this year.

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The agency said it found “crispy” banknotes worth $155,000 (£130,000) at the airport in northern Kaduna city.

In its statement, the Commission said it also found nearly £27,800 and some 23m naira ($75,000) at the four-bedroom flat in Lagos’s affluent Ikoyi area.

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The “neatly arranged” cash was stashed in “sealed wrappers” in wardrobes and cabinets in the seventh-floor flat, the EFCC added.

The statement said that no arrests have been made yet.