With 10 days to go, INEC says there is no cash for elections

Cash for mobilization of ad-hoc staff of the Independent National Electoral Commission (INEC) for the presidential and National Assembly is yet to be made available 10 days before the polls, according to Daily Trust.

Nigerians have been battling with the scarcity of the redesigned N200, N500 and N1000 notes by the Central Bank of Nigeria (CBN).

Meanwhile, the Supreme Court will continue hearing the suits by the three state governments challenging the implementation of the swap deadline.

Recall that the Supreme Court had on February 8 restrained the federal government from enforcing the cash swap deadline of the Central Bank of Nigeria (CBN) following the suit by the governments of Kaduna, Kogi and Zamfara states challenging the currency policy.

The Chairman of INEC, Prof. Mahmood Yakubu, had penultimate Tuesday met with the governor of the CBN, Godwin Emefiele, where he requested concessions regarding the naira redesign policy with specific reference to the limitations placed on cash withdrawals and the need to make some cash available for some peculiarities that cannot be met with electronics transfer of monies.

Emefiele had while responding, said he would ensure the CBN is not seen as an agent used to thwart the forthcoming general election, assuring that the apex bank would provide INEC needed naira notes as required.

NBA