Politics

‘A government that pays its way to power cannot be accountable’

EFCC to pay N600m for action against two Rivers govt officials

Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, on Tuesday labelled electoral corruption as the worst form of corruption as it undermines the will of the people and invests power in illegitimate hands.

According to Magu, a government that pays its way into power is hardly expected to be accountable; its priority upon assumption of office would be how to recoup its investment.

Magu, who was represented by the Secretary of the Commission, Ola Olukoyede, made this statement at the National Policy Dialogue on Eradicating Electoral Corruption (Vote-Buying) at the Anti-Corruption Academy of Nigeria.

He noted that the dialogue was critical to “our collective aspiration to clean up the institutions and process of election management for the good governance of our nation”.

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 “It was in appreciation of the damage, which the incidence of vote buying does to the integrity of our electoral processes that we resolved to play a more active role in stemming the practice in the just concluded general election.

“The EFCC’s intervention was moderated by our understanding of the pattern of vote buying in the elections that were held in two states, Ekiti and Osun states, in 2018.

“To stem the ugly practice, the Commission decided to employ a combination of preventive and enforcement strategies.

“Before the political actors became aware that the commission had become unusually interested in the electoral processes, the EFFC held sensitization meetings with critical stakeholders in the financial sector, impressing on them the need not to lend their institutions to be used as vehicles to subvert the will of the people. Some of the stakeholders included bankers and Bureau De Change Operators.

“Our engagement with them was informed by our knowledge of the roles which some of them played during the 2015 general election, helping politicians to move huge sums of money which were intended to be used to compromise election officials and other actors in the electoral process”.

He further explained that the Commission had to engage with law enforcement agencies with anti-money laundering mandate in neighbouring countries to check incidence of illicit financial flows before, during and after the general elections.

“Additionally, we stepped up surveillance of financial system, to track suspicious cash movement which led to some arrests. These measures, we believe, helped to reduce the amount of cash available to politicians for vote buying.

“But the intervention that was most visible to politician actors and the electorates was the unprecedented step to physically police all the polling stations and collation centres to deter prospective vote buyers and sellers,” he said.

Ripples Nigeria

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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

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