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
-
Sports6 days ago
FA Cup: Man Utd suffer fresh triple injury blow ahead Coventry clash
-
Business5 days ago
I met N13bn IGR per month but we are now seeing N27bn – Fubara
-
News6 days ago
Despite Apology, ABU Zaria Final-Year Law Student Arrested For Defaming Police Officer On Facebook
-
Politics5 days ago
SERAP To Govs, Wike: Account For Trillions Of FAAC Allocations
-
News4 days ago
Court orders Becky Buodeigha alias Becky Minaj, CEO of BM Secrets to pay Baraza N7m
-
Politics6 days ago
‘Ondo APC Guber Primary Result already written’ — Aspirant cries out, demands postponement
-
Politics3 days ago
EFCC: I am Ready to Appear in Court But Afraid of Arrest – Yahaya Bello
-
Business6 days ago
Invest in Bayelsa, Governor Diri tells Elders, leaders of the state