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EFCC keeps mum over Tinubu’s bullion vans ahead of 2019 election

The Economic and Financial Crimes Commission (EFCC) on Thursday declined comments about whether it had launched an investigation to find out how former Lagos governor, Bola Tinubu, came about the bullion vans that drove into his home in February.

Nigerians have mounted pressure on the anti-graft office to open money laundering probe against Mr Tinubu, after the ruling party chieftain was seen on February 22 receiving at least two armoured vehicles believed to be bearing cash.

The development raised controversies because it came a day to the presidential election on February 23.

Mr Tinubu is a senior leader of the ruling All Progressives Congress (APC), and a strong ally of President Muhammadu Buhari, who was seeking reelection at the time.

Critics said there was no doubt the vehicles were conveying cash to bribe voters with, especially since such trucks are used in Nigeria almost exclusively to convey cash by banks, government institutions and cash-in-transit firms.

Mr Tinubu’s action was widely deemed contrary to Nigerian anti-money laundering laws, which places a cap of N5 million ( about $14,000) on cash handling by individuals.

The former Lagos governor admitted the next day that the bullion vans were conveying money to his house, but he defended his action as out of public’s interest because he was not a government official.

Many Nigerians expected the EFCC to investigate the incident for possible violation of Nigerian laws.

But the anti-graft office has declined to comment on the matter — and there is no evidence it is investigating it.

 

 

–  Premium Times

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About Delia Innoma

Delia Innoma is a prolific writer, promoter, artist manager with full professional proficiency in English, German and Igbo languages. She studied accounting and computer programming at the Institute of Management and Technology Enugu and Germany respectively. Delia is also a devoted mother of two and she founded the Diamond Celebrities Magazine. Her sense of responsibility and commitment to the Christian faith are essential forces driving her daily activities.

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