2023 Elections: We Have Received A ‘Substantial Part’ Of Cash From CBN – Yakubu

 

The Independent National Electoral Commission (INEC) says it has taken possession of a “substantial part” of the cash it requested of the Central Bank of Nigeria (CBN) amid the naira scarcity.

The INEC Chairman, Prof. Mahmood Yakubu, confirmed receipt of the funds on Thursday during a press conference in Abuja on the commission’s activities two days before the presidential and National Assembly polls.

This comes two weeks after Yakubu on February 7 met with the CBN Governor, Godwin Emefiele, to address the need for cash for logistical operations in the conduct of the elections.

“The bulk of the small amount of cash that we have requested from the Central Bank of Nigeria is right now being released to the commission’s offices nationwide,” he said.

“In fact, a substantial part of it has already been received by our offices nationwide and this has greatly facilitated the movement of sensitive materials yesterday from the branches of the Central Bank to our local government areas.

“By tomorrow, we’ll batch them and then move them on Friday to the registration area centres. And then on Saturday early morning, they’ll be moved to the polling units for voting.”

Addressing security concerns surrounding the polls, Yakubu assured all stakeholders of a conducive environment for the electoral process to take place.

The INEC boss, in December 2022, noted that the commission had suffered 50 attacks in 15 states since 2019.

He however said the commission has bounced back and the security agencies are on the ground for the elections to provide adequate protection for voters, staff and observers.

“Several of the commission’s facilities were attacked by unknown assailants in various parts of the country.

“I am pleased that we have fully recovered from these attacks and we have been further assured that our facilities, staff, voters, observers, the media, and citizens will be safe during the election,” he said.

On vote-buying, Yakubu expressed conviction that INEC’s joint operations with other agencies before and on election day would “vastly reduce” the prospect of voter inducement which he described as not only illegal but also immoral.

“The ban on the use of mobile phones and photographic devices at the voting cubicles is still in force. Our arrangement of placing the ballot boxes near the voting cubicles and away from the party agents remains,” he said.

  • Related Posts

    Wike declares end to political feud with Fubara in Rivers

      Nyesom Wike, minister of the Federal Capital Territory (FCT), has declared an end to the protracted political feud between him and Siminalayi Fubara, governor of Rivers. Wike spoke on…

    Suspected Hoodlums Cart Away PVCs At Distribution Centre In Osun

      Some hoodlums suspected to be political thugs on Sunday stormed a permanent voter’s card (PVC) distribution centre in Okuku, the headquarters of the Odo-Otin Local Government Area of the…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Iran denies asking US not to strike, says Trump lied

    • By admin
    • August 2, 2026
    • 2 views
    Iran denies asking US not to strike, says Trump lied

    Wike declares end to political feud with Fubara in Rivers

    • By admin
    • August 2, 2026
    • 3 views
    Wike declares end to political feud with Fubara in Rivers

    Soldier, police officer killed as army rescues nine abductees in Zamfara

    • By admin
    • August 2, 2026
    • 4 views
    Soldier, police officer killed as army rescues nine abductees in Zamfara

    Navy busts illegal fuel depot, seizes 87,000 litres in Rivers

    • By admin
    • August 2, 2026
    • 11 views
    Navy busts illegal fuel depot, seizes 87,000 litres in Rivers

    102 Terrorists Killed In July— DHQ

    • By admin
    • August 1, 2026
    • 4 views
    102 Terrorists Killed In July— DHQ

    Hamas agrees to disarm under Trump-backed Gaza ceasefire deal

    • By admin
    • August 1, 2026
    • 3 views
    Hamas agrees to disarm under Trump-backed Gaza ceasefire deal