The cocaine was discovered in November of last year.
A 26 year-old man is due in court this morning charged with a number of drug related offences.
It follows the discovery of over 400-thousand pounds worth of Cocaine in the Dundrod area of Co.Antrim last year.
Police stopped a Mercedes Car in November, where one kilo of the drug was recovered.
The 26 year-old suspect will appear before Londonderry Magistrates court later.
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