News
Cashless system can help track election financing in Nigeria – Osinbajo
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
-
News4 days ago
Attack on nurse: Enugu Assembly moves to regulate activities of masquerades
-
Business7 days ago
Why CBN Banned Opay, Palmpay, Kuda Bank, Moniepoint From Boarding New Customers
-
Politics7 days ago
South-South Govs Meet In Yenagoa, Urge FG To Review Power Situation
-
Niger Delta7 days ago
RE: PROTEST AGAINST PAP BOSS DR DENNIS OTUARU, AN UNNECESSARY DISTRACTION THAT SHOULD NOT BE TAKEN SERIOUSLY.
-
Politics7 days ago
Former IYC Scribe Congratulates Hon. Maxwell Ebibai on Reappointment as Bayelsa Commissioner for Finance.
-
Politics7 days ago
Hon. Alapala Felicitates with Commissioners for successful inauguration and thank the governor for their appointments.
-
News5 days ago
Local Content, Local Fraud
-
Politics5 days ago
APC leader collapses and passes away in church on Friday