This warning by the EFCC boss, was captured in a press statement signed by the commission’s Acting Head, Media and Publicity Mr Tony Orilade in Abuja on Wednesday.
Magu’s warning was quoted while he was speaking at the a one-day retreat for 36 state governors and key election stakeholders.
Magu, who was represented by Mr Olanipekun Olukoyede, the commission’s secretary, said that as another election cycle approached, the EFCC would not fold its hands and watch the nation’s commonwealth squandered by corrupt politicians.
The retreat, which has as its theme as “Institutionalising Transparency, Accountability, And Anti-Corruption Issues in the Electoral Process in Nigeria”, was organised by the Centre for Values in Leadership (CVL).
He stated that the commission will closely watch the deployment of finance by political parties to ensure that the use of public funds to finance election is curbed.
He gave assurance that henceforth, donations to political parties and the identities of the donors would be of interest to the commission.
“To minimise corruption and the use of public funds to fund political parties and finance elections, there is need for greater effectiveness.
“In enforcing the provisions of the various electoral laws in Nigeria especially as they relate to penalties upon breach of their provisions.
“Political parties should be required to keep proper records of all incomes, contributions and expenditure, and to open their books for inspection by relevant security agencies after every electioneering cycle,” Magu said.
Copyright Naija News 2019. All rights reserved. You may only share Naija News content using our sharing buttons. Send all news and press releases to email@example.com.