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PMB warns against money laundering

President Muhammadu Buhari has expressed surprise at the huge amount of foreign currency inflow into the country intended to influence the general elections.

President Buhari made this known at the Federal Executive Council, FEC meeting on Wednesday in Abuja.

The President warned that some politicians are flouting money laundering regulations in their desperate bid to capture political power.

President Buhari, however, commended the Economic and Financial Crimes Commission, EFCC for successfully tracking the money in “millions of United States dollars.”

”The EFCC recorded success the presidential directive to investigative agencies to probe a number of high profile cases”. He stated.

The President gave the assurance that his administration was determined to prevent money laundering and terrorist financing.

President Buhari appealed to Nigerians, especially politicians to place the interest of the country above all personal interest.


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