The Economic and Financial Crimes Commission, EFCC, has insisted that it won’t allow the country’s commonwealth wasted by corrupt politicians for the 2019 general election, vowing to “keenly monitor the financial affairs of political parties to ensure that the use of public funds to finance political parties and prosecute campaigns at all levels of government is checked.”
Speaking while presenting a paper at a one-day retreat for 36 state governors and key election stakeholders, the acting Chairman of the anti-graft commission, Ibrahim Magu, warned that donations to political parties and the identities of the donors would henceforth be of huge interest to EFCC.
The chairman, who was represented by Olanipekun Olukoyede, his Chief of Staff, said, “To minimise corruption and the use of public funds to fund political parties and finance elections, there is need for greater effectiveness in enforcing the provisions of the various electoral laws in Nigeria especially as it relates to penalties upon breach of their provisions.
“Political parties should be required to keep proper records of all incomes, contributions and expenditure, and to open their books for inspection by relevant security agencies after every electioneering cycle.
“In addition, politicians prosecuting campaigns must be required to keep proper records of all donations received by them including the identities of the donors, and to turn their books over to relevant security agencies, and to INEC for inspection after every electioneering cycle, including the costs of litigations arising from the elections and the source of funding for the litigations.”