Foreign currencies are coming into Nigeria in large amounts, President Muhammadu Buhari says.

He expressed astonishment on Thursday over what he called huge amount of foreign currency flooding Nigeria.

President Buhari claims that these funds are intended to influence the general elections beginning on Saturday.

A statement by his spokesman, Garba Shehu, said that President Buhari made the observation at the Federal Executive Council (FEC) meeting held on Wednesday.

The President accused some politicians of flouting money laundering regulations in their desperate bid to capture political power.

He did not mention any name, but he said some monies were tracked. 

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President Buhari also 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 elections," the statement added.

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