By Muhammad Sabiu

The Economic and Financial Crimes Commission (EFCC) has begun a quiet probe into the finances of the country’s 18 political parties and presidential candidates.

This came after applicants vying for various political posts in the parties paid exorbitant fees for expressions of interest and nomination papers.

As a result, in a letter, with reference number CB.3383/EFCC/HOPS/HQ/VOL.1/28, titled, ‘Investigation activities’,  the anti-corruption organization has requested that the Independent National Electoral Commission provide it with the bank accounts and other financial information of political parties.

It also demanded that the managing directors of Access Bank and Polaris Bank disclose information on the 14 accounts held by the All Progressives Congress, the Peoples Democratic Party, and another group suspected of being linked to the opposition party.

The ruling APC sold presidential forms for N100 million, while the main opposition party sold them for N40 million. In addition, APC governorship candidates paid N50 million, while those declaring for the Senate, House of Representatives, and state legislatures paid N20 million, N10 million, and N2 million, respectively, for their nomination and declaration of interest forms.

The PDP, on the other hand, sold gubernatorial forms for N21 million, Senate forms for N3.5 million, House of Representatives forms for N2.5 million, and state Houses of Assembly forms for N600,000.

While the minor parties paid lower rates for their forms, many Nigerians were outraged by the hefty nomination fees required by the two leading parties, which Transparency International described as a kind of money laundering.

Last week, on Channels Television’s Politics Today, EFCC Chairman Abdulrasheed Bawa hinted that the agency will monitor campaign finances, particularly the authenticity of monies used to acquire nomination forms ahead of the 2023 general elections.

ByAdmin

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