PDP Kebbi Governorship Aspirant, Ibrahim Abdullahi Allegedly Violates Money Laundering Act, Caught Sharing N48 Million To Delegates (VIDEO)

It seems the economic and financial crime commission (EFCC) will still have to go after more politicians before 2023 elections considering the way many of them are committing money laundering offences which the federal government have warned against.

The latest of the violators of this act is PDP Kebbi governorship aspirant, Ibrahim Abdullahi who was recently allegedly  caught in a video sharing a whooping sum of N2.3 Million to delegates ahead of the governorship primary election.

In the video, he was allegedly seen telling them as he called them on stage that the money is the first payment and of course, would do more if elected as the candidate of the party in the primary election. in total, he paid about N41 Million to the delegates in cash as seen in the video.

This is in violation of the section 2 of Money laundering (prevention and prohibition) act, NO. 14 of 2022 which states below:

—(1) No person or body corporate shall, except in a transaction through a financial institution, make or accept cash payment of a sum exceeding— (a) N5,000,000 or its equivalent, in the case of an individual ; or (b) N10,000,000 or its equivalent, in the case of a body corporate. (2) A person shall not conduct two or more transactions separately with one or more financial institutions or designated non-financial businesses and professions with intent to— (a) avoid the duty to report a transaction which should be reported under this Act ; and (b) breach the duty to disclose information under this act by any other means.

Going by this, Ibrahim Abdullahi needs to first be disqualified from the race, and then arrested by the EFCC for violating the act.

Watch Video Below:

https://youtu.be/HQ4qJfSBtNAhttp://https://youtu.be/HQ4qJfSBtNA