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Anti-graft Agency, EFCC Raises Alarm Over Money Laundering, Cash Movements Ahead Of 2023 Elections

August 30, 2022

The agency stated this during the formal signing of Memorandum of Understanding (MoU). 

Ahead of the Nigeria's 2023 general elections, the Economic and Financial Crimes Commission (EFCC), has raised concerns over the increasing volume of money laundering and cash disbursements.

The agency stated this on Monday through the Secretary of the Commission, George Ekpungu, during the formal signing of Memorandum of Understanding (MoU) between the agency and the National Youths Service Corps (NYSC) in Abuja.
Ekpungu, who said that country was dangerously on the precipice of collapse, warned politicians to be mindful of their actions and inaction. 

Daily Sun quoted the Commission's secretary to have stated, “I received the Inter-Party Advisory Council (IPAC) on Thursday, last week and we also charged them on the need to fight against vote buying and people are laundering all sorts of money through cash disbursements for election preparation and the only people there to suffer the blunt of everything is the NYSC."

Speaking on the MoU, he said, “Be that as it may, we have to implement the MoU, and I want to urge the NYSC DG to be ready for the huge responsibility. The circumstances Nigeria put on your shoulder has been executed by your staff and corps members because the scheme is everywhere and vital like the air we breathe.

“It is either you are seeing the NYSC corps members or the EFCC operatives. All of us are ready to unite Nigeria together and I feel that that responsibility is going to be greater for you in the months ahead because of the general elections coming up next year."

He added, “We are not politicians, but we have continued to ensure that we work with the NYSC to ensure that there is credible elections. The corps members must be bold to resist the politicians because where we are is at the precipice of collapse if we do not work together particularly the NYSC, EFCC, INEC and other stakeholders to salvage the country.

“With due respect to the security people, sometimes you don’t see them, they can’t be everywhere but the corps members are everywhere. I felt I should talk to the DG on that and emphasis that credible, free and fair elections next year is not negotiable and that the EFCC will work as much as possible with the NYSC to ensure this happens,” he said.

The Director-General NYSC, Brig Gen Mohammed Fadah, assured that the scheme would observe its part of the MoU.