On February 23, the chairman of INEC acknowledged receiving the monies during a press conference in Abuja about the commission's preparations for the presidential and National Assembly elections.
Professor Mahmood Yakubu,
The Central Bank of Nigeria (CBN) granted the Independent National Electoral Commission (INEC) a "significant part" of the cash it asked due to the shortage of naira in the nation.
In light of the shortage of naira in the nation, the Independent National Electoral Commission (INEC) has announced that it received a "significant chunk" of the money it asked from the Central Bank of Nigeria (CBN).
On Thursday, February 23, during a news conference in Abuja about the commission's preparations for the presidential and National Assembly elections, INEC Chairman Prof. Mahmood Yakubu confirmed receipt of the cash.
Yakubu remarked;
"The majority of the modest sum of money that we had asked from the Central Bank of Nigeria is currently being distributed to all of the offices of the commission across the country.
The movement of sensitive materials yesterday from the Central Bank's branches to our local government areas was substantially assisted by the fact that a significant portion of it had previously been received by our offices nationally.
"By tomorrow, we'll group them, and on Friday, we'll transport them to the centres for registration. They will subsequently be transported to the voting locations early on Saturday morning.