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INEC Confirms Receipt of ‘Substantial Cash’ from CBN


THE Independent National Electoral Commission – INEC, has taken possession of a “substantial part” of the cash it requested from the Central Bank of Nigeria – CBN, despite naira scarcity.

The INEC Chairman, Prof. Mahmood Yakubu, confirmed to journalists at a Press Conference in Abuja.

“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,” Yakubu 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.”

The INEC boss also spoke about security concerns ahead of the polls, assuring stakeholders of a conducive environment for the electoral process to take place.

Yakubu, who noted that the INEC had suffered 50 attacks in 15 states since 2019 however, said the commission has bounced back.

He also pointed out that the security agencies are on the ground for the elections to provide adequate protection for voters, staff and observers.

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