The sum of N32,400,000 has been intercepted by the Economic and Financial Crimes Commission, EFCC, on Friday in Lagos.
The money is believed to have been earmarked for vote buying in Lagos, according to EFCC Head of Media, Wilson Uwujaren.
The spokesperson confirmed suspects involved have been taken into custody for further questioning.
EFCC Chairman, Abdulrasheed Bawa has implored all personnel deployed for election monitoring duties to show courage.
Bawa warned them not to give room for unscrupulous persons to undermine the integrity of the elections through financial inducement.
A tactical team of operatives are currently on ground in all the states of the federation and the FCT, the commission announced.
“Telephone hotlines have already been circulated through social media for members of the public to share information regarding financial malpractices,” Uwujaren added.