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CBN Releases Cash To INEC Ahead Of Polls


The Central Bank of Nigeria (CBN) has released cash to the Independent National Electoral Commission (INEC) ahead of national and state elections on February 25 and March 11.

The amount was not disclosed.

A source at the apex bank confirmed to The Nation that the cash was released to INEC on Tuesday following the assurances of CBN Governor Godwin Emefiele to INEC Chairman, Prof Mahmood Yakubu that cash will not be a constraint to the successful conduct of the elections.

He gave the assurances when the INEC boss called on the CBN governor pleading that “service providers, especially transporters, are required to be paid in cash and besides, experience has shown that emergency situations do arise on election day, which could demand the use of cash by the Commission”.

It was in response to this plea the source said, that the CBN released the undisclosed amount of cash to the Commission.

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