ADVERTISEMENT
  • The Membership Club
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Friday, May 20, 2022
Premium Times Nigeria
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • COVID-19
    • News Reports
    • Special Reports and Investigations
    • Data and Infographics
    • Health Specials
    • Features and Interviews
    • Multimedia
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Data and Infographics
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • #PandoraPapers
  • AUN-PT Data Hub
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • COVID-19
    • News Reports
    • Special Reports and Investigations
    • Data and Infographics
    • Health Specials
    • Features and Interviews
    • Multimedia
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Data and Infographics
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • #PandoraPapers
  • AUN-PT Data Hub
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Iyorchia Ayu and Abdulrasheed Bawa

Iyorchia Ayu and Abdulrasheed Bawa

EXCLUSIVE: EFCC begins probe of APC, PDP officials for money laundering

EFCC is investigating 14 accounts belonging to the APC, PDP and an organisation believed to be connected to the main opposition party.

byBisi Abidoye
May 12, 2022
2 min read

The Economic and Financial Crimes Commission (EFCC) is investigating the ruling All Progressives Congress (APC) and opposition Peoples Democratic Party (PDP) for suspected money laundering through their accounts in two banks in Abuja, PREMIUM TIMES can authoritatively report.

It is not clear whether the investigation is connected to the ongoing nomination exercises of the parties that have seen high volumes of money moving into the accounts of the parties.

As parties prepare for their primaries for the selection of candidates for the 2023 general election, hundreds of aspirants in the two parties have bought their expression of interest and nomination forms for various offices.

The exercises have generated several billions of naira for the nation’s two major parties with about 28 presidential aspirants paying N100 million each for the APC forms as of Wednesday, while 17 of their counterparts in the PDP obtained the forms for N40 million each.

On Monday, the Head of Operations at the headquarters of the EFCC, Michael Wetkas, wrote a letter, exclusively obtained by PREMIUM TIMES, informing the managing directors of Access Bank and Polaris Bank in Abuja that the commission was investigating 14 accounts of the two parties, and another organisation believed to be connected to PDP.

According to the letters, the investigation involves three accounts in Access Bank belonging to the APC, (0692988080, 0035644896 and 0044183689), one owned by the National Secretariat of the PDP (0054586830), and three by Umbrella Trust Ltd (0076600091, 0066988655 and 0068595990).

APC National Secretariat
APC National Secretariat

In Polaris Bank, one of the accounts belongs to the APC (1771444115), two owned by the PDP (1140060876 and 1770319690) and four by the PDP Fund Raising Dinner” (1771643176,177647521, 177164514 and 1771647507).

In the letter, Mr Wetkas said: In the letter, Mr Wetkas said:

“The Commission is investigating a case in which the above-mentioned account names and numbers featured.

READ ALSO: 2023: EFCC to monitor sources of candidates, parties funds – Bawa

“In view of the above, you are kindly requested to forward the certified true copies of the following:
a. Account opening packages/mandate cards.
b. Statement of account from January 2021 to date (hard and soft copies). The soft copy should be copied to excel format and forwarded to cagomuo@effc.gov.ng.
c. Certificate of identification pursuant to Section 84(4) of the Evidence Act. 2011 (The certifying officer should include his full name, designation, signature and date on each page).
d. Any other relevant information that could assist the investigation.

WADATA PLAZA, Abuja, National secretariat for the Peoples Democratic Party (PDP).
WADATA PLAZA, Abuja, National secretariat for the Peoples Democratic Party (PDP).

“The request is made pursuant to Section 38(1) 8(2) of Economic and Financial Crimes Commission Act 2021 and Section of the Money Laundering (Prohibition) Act 2021 as amended.”

1X Bet AD

The spokesperson for the commission, Wilson Uwujaren declined to comment on the development, saying he had not been briefed.

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

CITIZEN-FM AD


Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate



TEXT AD: To place an advert here . Call Willie - +2348098788999


JOIN THE CONVERSATION

  • Disqus (7)
premiumtimes





PT Mag Campaign AD

Previous Post

NJC announces 49 appointments for Abuja, 11 state courts (Full List)

Next Post

Airtel Africa’s full-year profit up 82% as revenue hits $4.7 billion

Bisi Abidoye

Bisi Abidoye

Bisi Abidoye is the assistant managing editor for standards at PREMIUM TIMES Twitter: @bisiabidoye

More News

Basil Omiyi

Seplat Energy appoints Omiyi to replace Orjiakor as chairman

May 19, 2022
MTN Nigeria’s payment service bank subsidiary MoMo PSB starts operation

MTN Nigeria’s payment service bank subsidiary MoMo PSB starts operation

May 19, 2022
President Muhammadu Buhari [PHOTO CREDIT: @Buharisallau1]

UPDATED: Buhari signs health insurance bill into law

May 19, 2022
Rotimi Amaechi and Abdullahi Ganduje

2023 Presidency: Amaechi was persecuted for asking us to join APC – Ganduje

May 19, 2022
President Muhammadu Buhari on a plane

Buhari departs for UAE on condolence, to meet new President

May 19, 2022
Airtel office

Airtel launches Nigeria payment service bank unit SmartCash PSB

May 19, 2022
Next Post
AIRTEL office used to illustrate the story.

Airtel Africa’s full-year profit up 82% as revenue hits $4.7 billion

Shehu Shagari College of Education, Sokoto

Mob lynches Sokoto college student over alleged blasphemy

Read All Comment

Search

AUN-PT Ad





Transport-Technology


Stanbic Ad


Access Bank Ad





Glo Ad


Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,841,521 other subscribers.

Advertisement






netherland biz school Advert



Zenith Advert

ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • #PandoraPapers
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • COVID-19
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Investigations
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • #EndSARS Dashboard
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • AUN-PT Data Hub
  • Opinion
  • The Membership Club
  • Dubawa
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.