Vice President Yemi Osinbajo said an effective cashless
policy in Nigeria can help stem the surge of illicit election financing by
making it possible to track funds.
Osinbajo spoke on Monday at the Presidential Villa when he
received a delegation of the European Union Election Observation Mission led by
Barry Andrews, the Chief Observer.
The VP said: “I think that what we should be looking at is
to provide more infrastructure. The cashless thing has been really advantageous
and helps with tracking. That sort of infrastructure is useful for more
financial inclusion and the more financial inclusion you have, the easier it is
to track.”
According to Osinbajo “so much money can be spent without it
being tracked” under the current election financing practices in the country.
While noting the difficulty in controlling election
financing due to cash transactions, Osinbajo said that there are still
infrastructure issues required to be in place to ensure an efficient cashless
system in the country.
“With cash transactions, it’s still difficult to seriously
control election financing,” the VP observed.
On the issue of electoral offences, Osinbajo noted that
there is the Electoral Offences Commission Bill at the National Assembly and
“we hope that it’ll begin a new regime of dealing with electoral offences,
which would be helpful.”
The VP emphasized: “By and large, one should not expect INEC
to be the investigator of electoral offences. I think that law enforcement
agencies should be responsible for arresting and prosecuting offenders, state
by state.”
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com