img#wpstats{display:none}
The Chairman of the Independent National Electoral Commission (INEC), Professor Mahmood Yakubu, on Tuesday, attended a meeting with the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.
Yakubu was accompanied by 11 INEC National Commissioners.
In his address, the INEC Chairman noted that the meeting was because of the apex bank’s unique role in the conduct of elections. However, this meeting is particularly focused on the recent cash withdrawal policy of the CBN.
Read Also BREAKING: Buhari Meets Emefiele, Tambuwal, Others Over Naira Crisis
Naira Scarcity: Zenith Bank Staffs Seen Fleeing Through Fence Over Fear Of Being Mobbed (Video)
ADULAWO NEWS recalls that in November 2022, President Muhammadu Buhari unveiled the redesigned N200, N500, N1,000, restating the CBN’s plans to end the circulation of the old notes by January 31, 2023. It however extended the deadline to February 10.
The INEC boss said the Commission is challenged by this policy as there exist lots of services the Commission must render with cash.
According to him, most of the logistics services that would be needed in the elections would be rendered by the unbanked, and relying on cash payment.
Yakubu added that he is in the meeting to discuss with the CBN governor about how best to address the situation.
Read Also Ekweremadu Brought Lagos Trader For Organ Harvest In UK – Jury
FG Commissions Cancer Machines In 5 Teaching Hospitals
In his response, Emefiele reiterated the CBN’s longstanding support for INEC, adding that it will continue to do so.
He assured the Commission that because of the premium the CBN placed on the elections, the CBN will make whatever is needed available for INEC to pay for its logistics.