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