Home NIGERIA NEWS EFCC operatives make move to block stolen funds from Ghana by politicians – Magu

EFCC operatives make move to block stolen funds from Ghana by politicians – Magu

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The acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, and some detectives have jetted off to Ghana to block illicit funds from politicians entering the country ahead of the February elections. The Nation reports that Magu is also hunting for properties belonging to corrupt politicians in Ghana and other West African countries.
It was reported that the EFCC signed a Memorandum of Understanding (MoU) with the Economic and Organised Crime Office (EOCO), Ghana Financial Intelligence Centre (FIC) and Ghana Police Service (GPS) to track down some suspects. The two agencies have reported exchanged information. A source, who spoke in confidence, said: “The EFCC chairman has taken the battle against the use of slush funds for campaign by candidates to Ghana and some ECOWAS countries. “Due to cash crunch, there have been intelligence reports that some politicians and those who looted the treasury had been trying to haul cash to Nigeria for campaign. “Some of them were suspected to be engaging some Nigerian banks in Ghana for the transfer of the illicit funds. “We are determined to block such funds in Ghana and other countries. We have been tracking the movement of the slush funds from abroad.” Another source that gave insights into the Ghana trip said the EFCC has been investigating safe haven used by politicians. The source said: “The Commission has been targeting safe havens all over the world through collaboration with law enforcement agencies in those countries. The commission is making tremendous progress in recoveries of funds and properties from such territories and within Nigeria. “There is high rate of movement of these funds by road transportation through the porous land borders to avoid the prying eyes of security personnel at the airports. “Magu’s fear is that if these illicit funds are not checked, they could be used to undermine national security. “There are suspicions that these funds could be used to support Boko Haram terrorists as in the recent dare-devil audacity with which the group has been challenging the military. “As the elections draw nearer, these funds could come handy in buying votes, arming thugs and causing confusion in the country.” Another source said: “There is also the angle of crude oil thieves who smuggle products from Nigeria, using Ghana as their base and thereafter laundering their proceeds through buying properties or moving the monies to Nigeria. “Magu is working in collaboration with the EOCO, FIC and other relevant law enforcement agencies in Ghana. “The Commission is in the process of signing a Memorandum of Understanding with these agencies and the Ghana Police Service to tackle this menace according to reports.” Meanwhile, President Muhammadu Buhari has urged persons or organisations with any evidence of corrupt practices against members of his administration to come forward with such evidences to him for prompt action. The president gave the challenge at a town hall meeting tagged: ‘The Candidates’ organised by the MacArthur Foundation, in collaboration with NTA and DARIA Media in Abuja on Wednesday, January 16 night.

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