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EFCC Probes APC, PDP over Claims of Money Laundering

EFCC Probes APC, PDP over Claims of Money Laundering

The Economic and Financial Crimes Commission (EFCC) is currently investigating officials of the All Progressives Congress (APC) and Peoples Democratic Party (PDP) over claims of money laundering. It is currently unclear whether the probe is a result of the high rate of purchase of nomination forms being announced by both parties as exorbitant amounts of money have been paid by hundreds of aspirants for a shot at their primaries.

Reports have revealed that 17 aspirants have declared for PDP, subsequently buying the party forms at N40 million each while their counterparts at APC have sold theirs at the near record-breaking tune of N100 million to 28 candidates. 

Michael Wetkas, the Head of Operations at the EFCC headquarters had earlier on Monday delivered a letter to the Managing Directors of Polaris Bank and Access Bank informing them of the body’s intention to investigate the fourteen bank accounts of the two parties. According to the letter, of the accounts under Access Bank’s domain, three of them belong to APC, one is owned by the National Secretariat of PDP, and three are controlled by Umbrella Trust.

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As for Polaris Bank, one of the accounts belongs to APC, four by the PDP Fund Raising Dinner, and two owned by PDP itself. Wetkas further explained in the letter that EFCC was currently in the midst of an investigation where the accounts in question were mentioned and asked the banks to forward the details of the accounts to the commission for perusal.

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