Cashless Policy in Nigeria: This ‘can help stem the surge of illicit election financing’ – Osinbajo

Vice President of the Federal Republic of Nigeria, Prof. Yemi Osinbajo, said, when cashless policy is effectively operated in Nigeria, it “can help stem the surge of illicit election financing by making it possible to track funds”.

Vice President of Nigeria, Prof. Yemi Osinbajo, during a meeting with a delegation of the European Union Electoral Observation Mission
Vice President of Nigeria, Prof. Yemi Osinbajo, during a meeting with a delegation of the European Union Electoral Observation Mission. Photo: @ProfOsinbajo

Osinbajo made these statements during a meeting with a delegation of European Union Election Observation Mission led by Mr. Barry Andrews.

The Vice President said: “When effectively operated, a cashless policy in Nigeria can help stem the surge of illicit election financing by making it possible to track funds.


“Electoral offences are always seen through a political prism; people will assume that they are being prosecuted because they belong to one political party or the other.


“There is the Electoral Offences Commission Bill currently at the National Assembly and we hope that it will begin a new regime of dealing with electoral offences.

Vice President of Nigeria, Prof. Yemi Osinbajo, during a meeting with a delegation of the European Union Electoral Observation Mission
Vice President of Nigeria, Prof. Yemi Osinbajo, during a meeting with a delegation of the European Union Electoral Observation Mission. Photo: @ProfOsinbajo


“Re the judicial system: more attention should be paid to the monitoring of tribunals and their outcomes. In the past, there have been discussions around the malfeasance of some judges. Those who are found guilty must be brought to the fore.


“It was a pleasure to meet a delegation of the European Union Election Observation Mission led by Mr. Barry Andrews, the Chief Observer, who is also a member of the European Parliament.”

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