NewStats: 3,261,955 , 8,175,658 topics. Date: Saturday, 31 May 2025 at 09:08 AM 562um

The Independent National Electoral Commission (INEC) has received cash from the Central Bank of Nigeria (CBN) for election logistics, Daily Trust reports.

A national Commissioner of INEC disclosed this to Daily Trust on Thursday night.

There had been apprehension over the inability of INEC to get cash from the CBN even though its budget is a first-line charge. This was a result of the cashless policy introduced by the CBN with the of the federal government.

INEC Chairman, Professor Mahmud Yakubu, during a visit to CBN governor, Godwin Emefiele said they needed cash rather than bank transfers to sort out many of their activities.

The commission had explained that even though it does most of its payments through online transfers, some specific services have to be paid for in cash.

He said some of the service providers, especially transporters, are required to be paid in cash and besides, experience has shown that emergency situations do arise on Election Day, which could demand the use of cash by the commission.

Many observers had condemned the delay in releasing the funds considering that there are many hard-to-reach areas in many of the 36 states of the federation and the Federal Capital Territory (FCT), hence the need for early preparation, deployment of equipment and people that would officiate the election.

There was however a sigh of relief yesterday when some INEC officials confirmed that the monies have been released by the CBN.

RECs to take monies in CBN branches

The INEC national commissioner, who spoke in confidence, said branch controllers of the CBN have been instructed to disburse the funds to INEC offices in the states.

“The issue of the cash crunch has been resolved and our resident electoral commissioners have started collecting the money,” he said.

“Before they got the clearance to have access to the money, we earlier sent the requests to CBN based on the demands of each state. What the REC in each state requires is different depending on the topography of their states and it is based on this that the funds were approved.”

He said the commission had asked security operatives to work closely with INEC in order to ensure a hitch-free disbursement from the commission’s state headquarters to the LGAs.

Confirming the release of the funds, the Oyo State REC, Dr Adeniran Rahmon Tella, yesterday, told journalists at a news conference that the commission had secured CBN to offset the payment of ad-hoc staff.


EFCC, IC to monitor spending

But some credible sources told the Daily Trust yesterday that the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (IC), among other anti-graft and security agencies, would monitor the utilisation of the election cash disbursement to INEC for this year’s general elections.

Top government officials within and outside the commission told Daily Trust that the monitoring was to ensure the success of the February 25 and March 11 elections.

Another official who confirmed that the anti-graft agencies would monitor the disbursement of the cash said that INEC was not disturbed by such a move, as it was informed that this was to curtail possible diversion of such funds for other purposes other than the elections.

The official also said that the disbursement should not be seen as being late as it was a strategy to prevent diversion, especially since there is a cash crunch in the country.

CBN usurping INEC’s independence – Falana

A human rights lawyer, Femi Falana (SAN) has criticised the moves by the Central Bank of Nigeria (CBN) to use anti-corruption agencies to monitor the disbursement of funds meant for INEC.

Speaking with Daily Trust yesterday, Falana called on INEC to rise and defend its independence as the constitution has given it the mandate to make guidelines on the conduct of elections.

“It is a litany of illegalities; the Central Bank has printed monies without appropriation by the National Assembly; they have spent billions without appropriation by the National Assembly either in their 2022 or 2023 budget.

“Having usurped the powers of INEC, the simple fact is that INEC is going to manage to shop for logistics for the election, that is totally illegal,” he said.

However, Professor Paul Ananaba (SAN) said it could not constitute a breach of INEC’s independence since the electoral commission is not required to seek approval of CBN or some oversight on their funds, but the monitoring.

“If the anti-corruption agencies are not monitoring the expenditure, it means they are not doing their work,” he said.

INEC encouraged by police assurance – Yakubu

Meanwhile INEC Chairman, Prof Yakubu yesterday said that the assurance of safety by the Nigerian Police Force is so far encouraging for the smooth conduct of the polls.

The INEC chairman who spoke during a meeting of the Inter-Agency Consultative Committee on Election Security (ICCES), held at INEC headquarters on Tuesday in Abuja, said security agencies will not only protect the commission’s staff and facilities, but the will extend to voters, election observers, journalists and others involved in the electoral process.

“The Nigerian police, which is the lead agency in election security, is already familiar with the delimitation details on the basis of which security personnel are deployed for elections. And since they as the lead agency are also coordinating with other security agencies, I take it that other security agencies are also aware of the delimitation details.

“The commission is encouraged by the assurances of security in all locations, while elections and electoral activities will be conducted. Importantly, the commission is aware that security agencies are going to protect not only our officials and facilities, but also accredited observers, journalists, service providers, and above all the voters themselves, Yakubu said.

In his remarks, the National Security Adviser (NSA), Babagana Monguno, assured Nigerians of safe, free, fair and credible elections. Monguno, represented by Sanusi Galadima, a director in his office, noted that there have been rising protests as some Nigerians are exploiting the current situation in the country.

He, however, said that presidential candidates must seek demonstration of peace.

“We will ensure a peaceful transition of power to the democratically elected candidate,” he said.

https://dailytrust.com/inec-gets-cash-for-elections/

Ok

Saturday we are good to go!!!!

Good

INEC needs cash for many things.

Payment of APOs and POs on the eve of election

Payment of Security officials

Payment of drivers that will convey the materials to the RAC centers and Polling Unit

Payment of Utilities

Payment of those that attended trainings

Etc

Sweet news

Election should be discarded in Nigeria.During election one will experience civil unrest.Politcal assassination and other vices.

Case settled

Dear Nnewi people


https://www.youtube.com/watch?v=fvoG67wRZQY

I must congratulate HE president peter Afolabi Abdullah Osas Obi for his victory ahead of Saturday's election

.

Is as if I should get a rope to draw Saturday near......

Finally, INEC got cash.
Cash is scarse. Money no dey.

Do not use your hard-earned money to pay bride price, sponsor wedding ceremony and take care of in-laws just to have a woman who has been fvcked and mounted by many men who only gave her two eggs and indomie. Only a fool will do that. Are you the fool?


A woman you did not disvirgin will fvck her ex the moment he shows up to her on Facebook or in the market and you will train another man's child thinking it's yours.

Once a woman starts misbehaving,just know that she has started fvcking her ex.
Divorce her before she kills you with frustration.


Fvck any girl you want but when it comes to marriage,take the pains to find a virgin woman and marry. Better to suffer to find a virgin woman and have a peaceful lasting home than to marry a woman who has been fvcked and mounted by many men and suffer in your marriage.

Be wise.
Avoid single mothers at all cost. They're are operating under a different level of curse. There is a reason men don't stay in their lives.
A woman you did not disvirgin is a curse to her children; born and unborn. Never marry her. Be wise.

The best news I have heard in 2023.


Everything is looking good for OBI

Good!

One legacy Buhari, whom many of you have hated for 7+ years, will leave is a free and fair election.

Sai Buhari...well.done.

BAT and his cohorts won't rig this election

Oya. Let's go there!

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Election will come and go, na us go remain, sha go vote
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° Brodaman, So you think those making the policies go suffer, na grass they ever suffer. We need systems that will make our 3 shaky arms of government to retire compulsorily if they have failed us, just like those we copied do. That's the way to go. It will put them on their toes and make them deliver more. If we have the power to put them there, we should also have the power to remove them.
Buhari the minister for petroleum no fit queue for fuel, for cash. It's like a pastor declaring 3days fasting for the church when his household be feasting like it's Christmas time, Abi na only congregation devil dey chase °
***Jarchi***

Nice

I hope the cash is heavily guarded with soldiers. They way APC dey find cash they can do the unthinkable.

Something to celebrate 🥂

Thursday or Tuesday

Let the games begin

When I told people that CBN will make cash available for INEC as a FG institution, they said that there are no new notes. They will still make cash available for security agencies.

FG knows what it is doing. In as much as this scarcity has been hitting people badly. It has also stopped a lot of things. The rate of crime and kidnappings went down drastically.

We only need the banks to beef up their IT sectors so as to solve the problems of internet and mobile banking.

The easy availability of cash is the number one thing that encourages crime.

We can do it, only if our banks invested more on their IT sectors.

.

All Set with my PVC to go vote Obi-Datti for a new Nigeria.

Say NO to PDAPC. This time around, Let's try something different from Balablu Bulaba.

Ok

Na make this desperate APC politicians no find their way snatch INEC cash

Now, we good to go

Laughable

Money that is going to be paid to the PO's and APO's on the election eve is enough to circulate this country, just watch the POS people been rendered useless.