Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu on Friday at a meeting in Lagos with the Managing Directors of financial institutions in Nigeria, decried the increasing wave of illicit financial flows and votes buying ahead of the general elections.
He lamented illicit financial flows which he said has reduced the number of resources available to the government to provide critical social services to the citizenry.
“Roles and Obligations of Managing Directors of Banks in Nigeria in Curbing Votes Buying During an Election, Illicit Financial Flows and Other Related Matters in Nigeria.”
“Votes buying during elections will prevent credible candidates from running for political offices.
“In Nigeria, votes buying has reached an alarming proportion to the extent that politicians have now spread their tentacles to election officials, security agencies, election observers and even, the media,” he said.
Magu said that the illicit financial flows out of the country were on the increase, adding that politicians were still perpetrating and trying to finalise their acts of votes buying.
He urged the managing directors to join hands with the commission to save the country from being hijacked by suspected criminals