Murtala Muhammad was also in possession of a black Toyota Land Cruiser Prado, and one single barrel gun and one locally made revolver pistol.
His arrest at a housing estate was said to have followed a tip-off.
According to a statement by the Acting Head, Media and Publicity of EFCC, Mr. Tony Orilade, the N60 million was stacked in four bags, each containing N15 million.
The statement said: “The Economic and Financial Crimes Commission (EFCC) Sokoto zonal office yesterday arrested one suspected politician with N60million cash, following intelligence report of his suspicious money laundering activities.
“The suspect, Murtala Muhammad… was arrested at No.145 Igala Housing Estate, off By-pass Road, Gusau, Zamfara State, by the operatives of the commission.
“Items recovered from him at the point of arrest include: one black Toyota Land Cruiser Prado Jeep with registration number DKA 67 PX Kaduna loaded with four bags of ‘Ghana must go’ containing N1,000 notes of N15million each, totaling N60million; one single barrel gun; one locally made Revolver Pistol, 25 rounds of cartridges and 12 rounds of 12.9mm live ammunition.
“He will be charged to court as soon as investigation is completed.”