The Economic and Financial Crimes Commission, EFCC, has vowed to keep a close watch on the spending of aspirants and candidates during political parties’ conventions and elections.
The Acting Chairman of the anti-graft agency, Mr. Ibrahim Magu, said this during a programme, ‘Question Time’, on Channels Television, at the weekend.
His word, “We are working with INEC to make sure that we seal every window, and every leakage before the election. We will block any avenue where people can move a lot of money either physically in cash or through banks.
“We will prevent people from using money to buy votes or use money during conventions for delegates. We have machinery in place.”
Recall that the Independent National Electoral Commission (INEC) recently reiterated its commitment to the Electorate Act saying it would run the rule over political parties’ presidential, governorship and senatorial candidates, regarding election campaign spending limit.
Each presidential aspirant is bound by the act not to spend more than N1bn, governorship candidate must not spend over N200m while the spending limit for a senatorial candidate is N40m.
The same Act further states that corporate bodies cannot donate money to political parties and no private individual can donate more than N1m to any aspirant or candidate.