Connect with us

    Hi, what are you looking for?

    News

    INEC Receives Cash from CBN for Election

    INEC

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

    Daily Trust reported that this was confirmed by an INEC national commissioner on Tuesday night, February 21. The INEC national commissioner said branch controllers of the CBN have been instructed to disburse the funds to INEC offices in the states.

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

    “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.”

    The national commissioner also said that 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 told journalists at a news conference that the commission had reached an agreement with CBN to offset the payment of ad-hoc staff.

     

    Loading

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published.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

    ad

    You May Also Like

    Entertainment

    Spotify has unveiled Nigeria-specific data from its annual Loud & Clear report, highlighting how Nigerian artists generated more than ₦60 billion in revenue from...

    News

    Securities and Exchange Commission (SEC) yesterday said that Nigeria’s digital finance ecosystem recorded about $96bn in cryptocurrency and other virtual asset transactions. Emomotimi Agama,...

    News

    Nigerian banks, fintechs like LemFi, Kuda, and Moniepoint, plus Fidelity Bank, are expanding in the UK with millions in investments, creating hundreds of jobs,...

    News

    Nigeria’s anti-drug squad, the National Drug Law Enforcement Agency (NDLEA), has arrested a 74-year-old grandfather named Ikwuakalom Nwakoro Emeka at Nnamdi Azikiwe International Airport...