#NigeriaDecides2019: The controversial bullion vans at Tinubu’s residence

LAGOS, Nigeria – The Presidential elections are over , the attention has now switched to the Appeal Court where both President Muhammadu Buhari and candidate of the Peoples Democratic Party(PDP), Alhaji Atiku Abubakar are slugging it out.

But one mystery that is yet to be unravelled is the two bullion vans that showed up at the residence of National Leader of the All Progressive Congress(APC), Asiwaju Bola Ahmed Tinubu at Bourdillon Road, Ikoyi, 24 hours to the presidential election.

The EFCC was quite swift making arrest of people who were buying votes in the streets across the federation. It was also swift in making arrest of Uyi Giwa, lawyer to presidential candidate of the Peoples Democratic Party(PDP), whom they accused of laundering about $2 million but so far, it has remained mute on the controversial bullion van that appeared at the residence of Asiwaju Bola Ahmed Tinubu, an act that outrightly contravenes the Money Laundering Prohibition Act, 2011.

Money Laundering Prohibition Act 2011 stipulates that no person or body corporate shall, except in a transaction through a financial institution, make or accept cash payment of a sum exceeding (a) N5,000,000.00 or its equivalent, in the case of an individual; or (b) N10,000,000.00 or its equivalent in the case of a body corporate.

According to the act, “a transfer to or from a foreign country of funds or securities by a person or body corporate including a Money Service Business of a sum exceeding US$10,000 or its equivalent shall be reported to the Central Bank of Nigeria, Securities Exchange Commission or the Commission in writing within 7 days from the date of the transaction”, it said.