Nigeria: Magu Decries Illicit Financial Flows, Vote-Buying During Elections

9 February 2019

Abuja — The acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has condemned the increasing wave of illicit financial flows and vote buying during elections in the country.He spoke in Lagos during a round table with managing directors of financial institutions in Nigeria with the theme: "Roles and Obligations of Managing Directors of Banks in Nigeria in Curbing Vote Buying During Election, Illicit Financial Flows and Other Related Matters in Nigeria".

The EFCC Chair, in his address, recalled that the Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, during a meeting with Bankers' Committee sometime in September 2018, made a commitment to work with the EFCC and the banks to curb this menace.He said illicit financial flows would reduce the amount of resources available to the government to provide critical social services to the citizenry.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.