Home » EFCC Politics, Latest Politics » $4m puts Atiku’s associate in trouble

$4m puts Atiku’s associate in trouble

The Economic and Financial Crime Commission (EFCC) is reported to have arrested an associate of the Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, over alleged laundering of $4 million.

The money is termed “suspicious election cash”, theNationsaid.

The arrest followed an intelligence report on a suspicious transaction by a Bureau De Change (BDC) operator.

TheNation had exclusively reported how the PDP reportedly allocated $3million each for “logistics” to its 36 state branches and the Federal Capital Territory (FCT).

Most Bureau De Change operators and banks have, however, refused the “pressure” to convert the hard currency to Naira.

“A BDC operator was intercepted for shipping $2million from Abuja to Lagos for suspected money laundering,” Sources in EFCC is reported to have said.

The source said the BDC operator admitted that the suspect paid the Naira equivalent of $4 million into his account in exchange for hard currency.

“We invited the suspect for interrogation on Monday and Tuesday. Our detectives have also conducted a search of his home. Some useful documents were retrieved. Investigation is, however, still in progress.”

“Apart from documents relating to posh properties at home and abroad, a copy of the EFCC Investigation Report on Atiku’s relationship with a jailed U.S. lawmaker, Williams Jefferson, was retrieved.”

NAN

wp_posts

Related Posts

Website Pin Facebook Twitter Myspace Friendfeed Technorati del.icio.us Digg Google StumbleUpon Premium Responsive

Short URL: https://newnigerianpolitics.com/?p=52051

Posted by on Feb 20 2019. Filed under EFCC Politics, Latest Politics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Headlines

Browse National Politics

Featuring Top 5/1413 of National Politics

Subscribe

Read more

Browse Today’s Politics

Featuring Top 5/45 of Today's Politics

Browse NNP Columnists

Featuring Top 10/1568 of NNP Columnists

Browse Africa & World Politics

Featuring Top 5/2411 of Africa & World Politics

Subscribe

Read more

ADVERTISEMENT

Categories

FEATURED VIDEOS

Advertisements

ARCHIVES

February 2025
S M T W T F S
 1
2345678
9101112131415
16171819202122
232425262728  

© 2025 New Nigerian Politics. All Rights Reserved. Log in - Designed by Gabfire Themes