Ahead of the release of the 2023 general elections timetable, the Independent National Electoral Commission (INEC) has said that it would beam its searchlight on politicians and political parties in a bid to track the sources of funds for their campaigns.
The INEC Chairman, Prof. Mahmood Yakubu, said this in Abuja at a “High-Level Policy Roundtable Conference on Political Campaign Finance,” organised by The Electoral Forum.
He said that the commission would also monitor the movement of money on election days to help tackle vote-buying at polling units (PUs), adding that it would set up teams to monitor election spending ahead of the elections.
Yakubu represented by INEC’s National Commissioner and Chairman, Election Party Monitoring Committee, Prof. Kunle Ajayi, said that through the Economic and Financial Crimes Commission (EFCC), commercial banks would be mandated to report all suspicious transactions ahead of the election, warning of sanctions to any bank that failed to cooperate.
The former Chairman of INEC, Prof. Attahiru Jega, identified the lack of accountability and transparency in political campaign financing as key factors responsible for some challenges facing Nigeria’s electoral system.
The Independent National Electoral Commission (INEC) has debunked claims that the Permanent Voters’ Cards (PVCs) it issued in 2011 needed to be revalidated at the INEC offices for it to be valid for the 2023 elections.