- APC Governors Face Scrutiny As EFCC Investigates Campaign Fund Movements
- Allegations link huge funds to 2027 campaign mobilisation structures.
- APC governors and allied groups are reportedly under scrutiny.
The ongoing investigation by the Economic and Financial Crimes Commission (EFCC) into the Director-General of the Energy Commission of Nigeria, Mustapha Abdullahi, has reportedly raised concerns within the All Progressives Congress (APC) over alleged financial transactions linked to preparations for the 2027 general elections.
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EKO HOT BLOG reports that initial reports had focused on alleged missing funds estimated between ₦500 billion and ₦701 billion. However, attention has now shifted within political circles to broader questions surrounding campaign financing structures ahead of the next presidential election.
The controversy intensified following claims by an online platform, The Will, which alleged that over ₦800 billion was mobilised through groups identified as “Renewed Hope Ambassadors” and later “Renewed Hope Network,” said to be linked to support activities for President Bola Tinubu’s expected re-election campaign.
The report also alleged that governors elected under the APC platform made coordinated contributions sourced from Federation Account Allocation Committee (FAAC) allocations.
The development has reportedly drawn increased attention to the Progressive Governors’ Forum, chaired by Imo State Governor, Hope Uzodimma, amid scrutiny over the alleged financial flows.
EFCC Tracing Fund Movement
A source familiar with the investigation told Vanguard that the anti-graft agency is tracking multiple financial transactions allegedly linked to the movement of hundreds of billions of naira through various accounts and entities.
“We are treating this as a serious money laundering case involving substantial movements of funds estimated around ₦500 to ₦701 billion. The Energy Commission DG was invited multiple times before we brought him in,” the source said.
“Our focus is tracing the flow of these resources, which appear linked to the pooled contributions from some states,” the source added.
The EFCC has not issued an official statement confirming the figures, but investigations are reportedly ongoing as authorities examine the structure and movement of the alleged funds.
