TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

EFCC uncovers politicians’ new method of hiding loot

The Citizen by The Citizen
February 6 2019
in Financial Crimes
A A
0
EFCC: Magu denies Borno guber ambition
22
SHARES
734
VIEWS
Share on FacebookShare on Twitter

The acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has said that politicians have devised other means of amassing wealth for electoral purposes by hiding their loot in some African countries and later selling and repatriating the money to Nigeria ahead of elections.

Magu, who was represented the commission’s Director of Planning, Aminu Guzo, spoke at the delegates’ conference of the Nigeria Labour Congress in Abuja on Tuesday.

He said the commission would work with the NLC during elections to monitor cash movement in order to curb vote-buying.

He said, “The NLC has partnered the EFCC at various events like anti-corruption walk, among other interactive sessions, strategically designed by the EFCC to strengthen our partnership with critical stakeholders, like the NLC, in the fight against corruption.

“I was in Ghana as part of this concerted effort of beaming our searchlight beyond the borders of Nigeria. What we discovered is no doubt staggering and mindboggling.

“Corrupt politicians have widened the circles of their corrupt activities by investing them in other African countries, so that in the long run, they sell them and look for ways of repatriating them to Nigeria, even in the buildup to the elections.

“We have signed a memorandum of understanding with the Economic and Organised Crime Office in Ghana to ensure that we keep track of such illicit inflow and outflow of suspicious funds.

“On our part, we are keenly monitoring the movement of cash in the system, and are awake to our responsibility of ensuring that provisions of the Electoral Act, 2010 are strictly adhered to, especially as they relate to election funding, and the now worrisome vote-buying.”

In his speech, the NLC Chairman, Ayuba Wabba, said it was important for Nigerians to support efforts of labour and other organisations meant to stop governors who diverted public funds.

He said, “Recent report of Action Aid that there is a correlation between corruption and poverty in Nigeria. Nigeria scores high in corruption perception index and scores low in human development index because the rate of corruption is high.

“The report said poverty level is high in states where governors are found guilty of misusing and converting public fund into private use.

“Nigeria is not a poor country, we are among the best around the world but the challenge is how to harness the resources for the benefit of all.

“We demand that our political elite must find a way of removing immunity against criminal prosecution, especially corruption cases for all political office holders as it is the case around the world.”

Wabba added that the NLC would continue to call on government to deal with governors found guilty of diverting money.

While commending the House of Representatives for passing the New Minimum Wage Bill, he appealed to the Senate to do the same.

Also at the event, Secretary to the Government of the Federation, Boss Mustapha, said the Federal Government was determined to attain the decent work agenda, calling for the NLC’s understanding.

Share9Tweet6
Previous Post

Economy: Expect more mergers, acquisitions in banking sector — CIBN

Next Post

Atiku cements reputation as “The Digital President”

Related Posts

INTERPOL traces stolen Netherlands cars to Nigeria
Financial Crimes

INTERPOL traces stolen Netherlands cars to Nigeria

October 20 2025
DSS arrests two dismissed officers for impersonation, fraud
Financial Crimes

DSS arrests two dismissed officers for impersonation, fraud

October 15 2025
Detention: Dasuki seeks intervention of Olanipekun, Agbakoba, Falana, others
Financial Crimes

Court rejects DSS bid to re-admit rejected exhibits against Dasuki

October 15 2025
IMF warns Nigeria to curb inflow of illicit funds
Financial Crimes

IMF warns Nigeria to curb inflow of illicit funds

October 14 2025
Evans trial: Court permits virtual testimonies by witnesses
Financial Crimes

Lagos re-arraigns kidnapper Evans over police officers’ killing

October 13 2025
EFCC probes $6m, £53,000 cash movement at Lagos airport
Financial Crimes

EFCC probes $6m, £53,000 cash movement at Lagos airport

October 12 2025
Next Post
Atiku cements reputation as “The Digital President”

Atiku cements reputation as “The Digital President”

Court sacks Ayogu Eze, declares George Ogara as Enugu APC guber candidate

Court sacks Ayogu Eze, declares George Ogara as Enugu APC guber candidate

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

ALGON orders Edo council officials to wear Tinubu’s signature caps

ALGON orders Edo council officials to wear Tinubu’s signature caps

by The Editor
October 18 2025
0

...

Olubadan unveils legal committee to tackle land grabbing

Olubadan unveils legal committee to tackle land grabbing

by The Editor
October 15 2025
0

...

Birnin Gwari needs urgent federal intervention – Emir tells Tinubu

Birnin Gwari needs urgent federal intervention – Emir tells Tinubu

by The Editor
October 13 2025
0

...

Rivers court adjourns hearing on LG poll legitimacy

Rivers court adjourns hearing on LG poll legitimacy

by The Editor
September 16 2025
0

...

APPOINTMENTS

Tinubu seeks Omidiran, 28 others’ confirmation as FCC members

Tinubu seeks Omidiran, 28 others’ confirmation as FCC members

by The Editor
October 15 2025
0

...

Okpebholo swears in 19 commissioners, warns against corruption

Okpebholo swears in 19 commissioners, warns against corruption

by The Editor
October 15 2025
0

...

Fubara drops Danagogo, appoints Anabraba as Rivers SSG

Fubara drops Danagogo, appoints Anabraba as Rivers SSG

by The Editor
October 13 2025
0

...

Savannah Energy signs agreement with Chadian govt for new renewable energy projects

Savannah Energy announces board changes, appoints two Nigerians as Independent Non-Executive Directors

by The Editor
October 9 2025
0

...

ODDITIES

Kano Court orders Hisbah to marry off TikTokers over ‘indecent’ videos

Kano Court orders Hisbah to marry off TikTokers over ‘indecent’ videos

by The Editor
October 20 2025
0

Teenager plucks sister’s eyes for ritual in Bauchi

Teenager plucks sister’s eyes for ritual in Bauchi

by The Editor
October 20 2025
0

Lagos to probe school over alleged sodomy

Father impregnates 15-year-old daughter in Ondo

by The Editor
October 17 2025
0

GLOBAL NEWS

Madagascar coup leader appoints businessman as new prime minister

Madagascar coup leader appoints businessman as new prime minister

by The Editor
October 20 2025
0

...

Madagascar’s military leader swears in as president

Madagascar’s military leader swears in as president

by The Editor
October 18 2025
0

...

Trump, Putin to meet in Budapest over Ukraine war

Trump, Putin to meet in Budapest over Ukraine war

by The Editor
October 17 2025
0

...

2026 Hajj: Saudi govt approves 66,910 slots for Nigeria

2026 Hajj: Saudi govt approves 66,910 slots for Nigeria

by The Editor
October 17 2025
0

...

Trump persuades India to stop buying Russian oil

Trump persuades India to stop buying Russian oil

by The Editor
October 16 2025
0

...

State of the States

Aiyedatiwa clears Ondo two-year gratuity backlog

Aiyedatiwa clears Ondo two-year gratuity backlog

by The Editor
October 20 2025
0

...

21.8% North-East residents HIV positive – NBS …as 16,000 die from HIV complications in Borno

Adamawa records 8,850 new HIV infections in four years

by The Editor
October 17 2025
0

...

Zamfara APC condemns state govt’s mass sacking of civil servants

Zamfara APC condemns state govt’s mass sacking of civil servants

by The Editor
October 14 2025
0

...

Gov. Otti set to build modern fire station in Umuahia

Gov. Otti set to build modern fire station in Umuahia

by The Editor
October 7 2025
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Amazon cloud computing outage disrupts Snapchat, Airbnb, other online services worldwide

Amazon cloud computing outage disrupts Snapchat, Airbnb, other online services worldwide

October 20 2025
Madagascar coup leader appoints businessman as new prime minister

Madagascar coup leader appoints businessman as new prime minister

October 20 2025
Heartbroken woman, 22, commits suicide over cheating boyfriend

Heartbroken woman, 22, commits suicide over cheating boyfriend

October 20 2025
Soludo targets guber win in all Anambra polling units

Soludo targets guber win in all Anambra polling units

October 20 2025

EDITORIAL REVIEW

Invest in vocational, technical education – Punch

Invest in vocational, technical education – Punch

by The Editor
October 20 2025
0

End female genital mutilation – Punch

End female genital mutilation – Punch

by The Editor
October 17 2025
0

Nnaji: Nigeria’s dodgy vetting processes – Punch

Nnaji: Nigeria’s dodgy vetting processes – Punch

by The Editor
October 16 2025
0

Vacations and governance: Why President Tinubu’s trip matters -Guardian

Tinubu, honour promise to ASUU – Punch

by The Editor
October 15 2025
0

The killings in the South East – Thisday

The killings in the South East – Thisday

by The Editor
October 14 2025
0

Opinion

Tinubu finds his own demons

Next time, Umahi should go to NTA

by The Editor
October 16 2025
0

...

Objections over presidential pardon for grave offenders

Objections over presidential pardon for grave offenders

by The Editor
October 13 2025
0

...

1975 public service purge: What have we learnt?

1975 public service purge: What have we learnt?

by The Editor
September 30 2025
0

...

Tinubu finds his own demons

Nigeria’s state of weakness

by The Editor
September 18 2025
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2024 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2024 TheCitizen Ng. All Rights Reserved.