The Economic and Financial Crimes Commission has launched a discreet investigation into the finances of the 18 political parties in the country and their presidential aspirants. This followed the humongous fees paid for expression of interest and nomination forms by aspirants vying for various elective offices in the parties.
The anti-graft agency has, therefore, asked the Independent National Electoral Commission to furnish it with the bank accounts and other financial details of the political parties.
On the other hand, the PDP sold its governorship forms for N21m; Senate, N3.5m; House of Representatives, N2.5m; and state Houses of Assembly, N600,000. Bawa said the commission would be working with INEC and other election-related organisations to track the sources of the money spent on the purchase of nomination forms.
The EFCC, in a letter to the INEC Chairman, Prof Mahmood Yakubu, dated May 9, 2022, signed by its Director of Operations, Michael Wetkas, on behalf of the chairman, demanded a list of all political parties, their designated bank accounts and any other information that could aid its investigation. The EFCC in another letter, also signed by the Head of Operations, informed the managing directors of Access Bank and Polaris Bank in Abuja that it was investigating 14 accounts of the two dominant parties.
Wetkas wrote, “The commission is investigating a case in which the above-mentioned account names and numbers featured.
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