EFCC Begins Probe Of APC, PDP Officials For Money Laundering

The Economic and Financial Crimes Commission (EFCC) is investigating the ruling All Progressives Congress (APC) and opposition Peoples Democratic Party (PDP) for suspected money laundering through their accounts in two banks in Abuja.

It is not clear whether the investigation is connected to the ongoing nomination exercises of the parties that have seen high volumes of money moving into the accounts of the parties.

As parties prepare for their primaries for the selection of candidates for the 2023 general election, hundreds of aspirants in the two parties have bought their expression of interest and nomination forms for various offices.

The exercises have generated several billions of naira for the nation’s two major parties with about 28 presidential aspirants paying N100 million each for the APC forms as of Wednesday, while 17 of their counterparts in the PDP obtained the forms for N40 million each. The EFCC have seen the rate at which party members procure the forms has set out an investigation panel that will help in the clarity and source of income for all the people with said nomination forms from party headquarters.

Share it on

Leave a Comment