Thursday, February 9, 2023


Godwin Emiefele, the governor of the Central Bank of Nigeria (CBN), has stated that the apex will not permit itself to be used to thwart the upcoming general elections. 

Emiefele said the CBN will make available all of the funds required to pay for the logistics necessary to ensure the success of the elections when Prof. Mahmood Yakubu, the Chairman of the Independent National Electoral Commission (INEC), led 11 National Commissioners on a visit to the Bank. 

He was responding to Yakubu's request that the CBN find a solution to the country's cash shortage 17 days before the presidential and national assembly elections in light of the fact that some service providers to the commission had been "unbanned.". 

"The CBN will not permit itself to be used as an agent to sabotage the upcoming election, which is a good assignment," he declared. 

"We will make cash available to you if you need it in order to pay some of your service providers. We won't permit ourselves to be perceived as agents who thwart legitimate assignments. 

The INEC chairman had assured the governor of the CBN that the elections in 2023 would be the best in Nigerian history, but added that questions had been raised about the procedures leading up to the vote. 

While the to Commission has moved all of its accounts at the state and federal levels to the apex bank, he claimed some of the services provided to the Commission require payment in cash.

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