President Muhammadu Buhari has expressed astonishment at the huge amount of foreign currency “millions of United States dollars” flooding the country for the purpose of influencing the general elections due to begin Saturday.
Speaking during the Federal Executive Council, FEC meeting Wednesday, the President accused some politicians of flouting money laundering regulations in their desperate bid to capture political power.
Buhari, according to a statement issued by his spokesman, Garba Shehu, Thursday, however, commended the Economic and Financial Crimes Commission, EFCC, for successfully tracking the foreign money.
The EFCC’s success followed the presidential directive to investigative agencies to probe a number of high profile cases.
Reassuring the nation of his administration’s determination to wage a relentless war against money laundering and terrorist financing, Buhari urged “Nigerians, especially politicians to place the interest of the country above all others, as they troop out to cast their votes in the coming elections”.
Meanwhile, the Economic and Financial Crimes Commission, EFCC, has raised the alarm over the circulation of fake dollar bills in the country.
EFCC spokesman, Tony Orilade, gave the warning in a statement issued on Thursday.
Orilade said the agency issued the warning following intelligence gathered in the build-up to the elections.
The anti-graft agency also asked bureaux de change operators to be cautious.
“The Economic and Financial Crimes Commission (EFCC) has raised the alarm over the circulation of fake Dollar notes ahead of Saturday’s Presidential and National Assembly elections.
“In a statement personally signed by the Acting Chairman of the Commission, Ibrahim Magu, the agency stated that the warning follows intelligence gathered in the build-up to the elections.
“The intelligence indicates that the Dollar notes have features of genuineness, but forensic analysis by the Commission reveals otherwise.
“We, therefore, warn the BDC operators to be cautious in their transactions from now till the end of the elections,” the statement read.