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President raises the alarm over amount of foreign currency in circulation

President raises the alarm over amount of foreign currency in circulation


PresidentMuhammadu Buhari has described as astonishing the huge amount of foreign currency flooding the country intended to influence the general elections beginning on Saturday.

Senior Special Assistant to the President on Media and Publicity, Garba Shehu, in a statement said, Buhari raised the alarm during the Federal Executive Council (FEC), meeting on Wednesday, where he accused some politicians of 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 success followed the presidential directive to investigative agencies to probe a number of high profile cases.

Reassuring the nation of his administration’s determination to wage a relentless war against money laundering and terrorist financing, the president again appealed to Nigerians, especially politicians to place the interest of the country above all others, as they troop out to cast their votes in the coming

Meanwhile, the anti-graft agency has raised the alarm over the circulation of fake dollar notes in the country.

Tony Orilade, EFCC spokesman, who gave the warning in a statement said the agency issued the warning following intelligence gathered in the build-up to the elections. The anti-graft agency also asked bureaux de change operators to be cautious.

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