Hyacinth Chinweuba
The Economic and Financial Crimes Commission (EFCC), has claimed that a top politician which it did not name was planning to smuggle money into Nigeria.
The Acting Chairman of the Commission, Mr. Ibrahim Magu who disclosed this said the same politician had disowned a property linked to him abroad and sold it with plans to repatriate the money.
Speaking during a meeting with the Association of Chief Conduct and Compliance Officers of Banks in Nigeria, Magu called on the officers to assist in checking inflow of illicit funds into the country.
He said, “foreign properties bought with proceeds of crime are sold and the proceeds transferred to Nigeria through international banks as legitimate funds that can be used to finance several activities, including elections.
“Recently, we have received intelligence report from a sister agency in another country informing us of a top Nigerian politician who has sold his property in that country and intends to repatriate the proceeds of the sale of the property to Nigeria. This same individual had earlier denied ownership of the said property”.