According to an anonymous source, the Independent National Electoral Commission (INEC), has finally been granted its cash request by the Central Bank Of Nigeria (CBN), ahead of the body’s electoral needs.
INEC had explained that even though most of its payments are done through online transfers, it would need cash for some specific services
Due to the Naira scarcity in the country, there had been fears that the election which is slated for Saturday may be disrupted if the CBN fail to grant INEC’s cash request.
However, according to Daily Trust, one INEC National Commissioner, whose name was not disclosed confirmed that the electoral body has received the cash it requested from the CBN.
The anonymous source statement reads: “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.”
