Ahead of the 2019 general elections, the Economic and Financial Crimes Commission has vowed to monitor the movement of huge sums of money in the activities of political parties.
The EFCC also stated that it would prevent politicians from sharing money at party conventions or at polling centres.
The Chairman of the EFCC, Mr. Ibrahim Magu, said this during a programme, ‘Question Time’, on Channels Television.
He said, “We are working with INEC to make sure that we seal every window, and every leakage before the election. We will block any avenue where people can move a lot of money either physically in cash or through banks.
“We will prevent people from using money to buy votes or use money during conventions for delegates. We have machinery in place.”
It’s EFCC’s responsibility –Sagay
Speaking with one of our correspondents on Saturday, the Chairman of the Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), said monitoring campaign spending was part of the responsibilities of the EFCC.
Sagay said, “If you look at the EFCC Act, the mandate of the agency is very wide. It includes everything you can think of as regards money laundering. Its duty is to prevent and tackle economic and financial crimes.
“If the law says you cannot spend more than a billion for a presidential election and it appears to the EFCC that you have spent about N3bn or N4bn, the commission has the right to ask you where you got the money from.”Continue reading.
