The Economic and Financial Crimes Commission (EFCC) has vowed to monitor the movement of huge sums of money in the activities of political parties.

The anti-corruption agency also stated that it would prevent politicians from sharing money at party conventions or at polling centres.

The Acting Chairman of the commission, Ibrahim Magu, said this during a television programme .

He said, “We are working with INEC to make sure that we seal every window, and every leakage before the election. We will block any avenues 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.”

The ruling party, the All Progressives Congress and the National Conscience Party have expressed support for the decision by the EFCC and INEC to eliminate vote buying and money sharing.

The Peoples Democratic Party, however, said it will be illegal for the EFCC to pry into how political parties spend their money.

The main opposition party stated that only the Independent National Electoral Commission was empowered by law to monitor the accounts of political parties.

The National Publicity Secretary of the party, Kola Ologbondiyan said: "The EFCC doesn’t have such power to monitor how political parties spend their money.

"Such power is vested in INEC and the commission doesn’t have the power to delegate the functions given to it by law. The electoral body had written to all political parties, asking them to furnish it with their 2015 financial records, The EFCC has no such power.

"How can they be monitoring political parties’ convention? Does the law give them such power? They can't hide under the alleged directive by INEC to commit illegality".

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