CBN will not be used to fru$trate 2023 polls — Gov. Emiefele tells INEC

Godwin Emiefele, the governor of the Central Bank of Nigeria (CBN), says CBN will not allow itself to be used to fru$trate the forthcoming general elections.

Emefiele spoke on Tuesday, February 7, during a meeting with Mahmood Yakubu, chairperson of the Independent National Electoral Commission (INEC), at the CBN headquarters in Abuja.

Speaking at the meeting, Yakubu said while service providers needed for elections are generally paid by electronic transfer, there are critical areas such as transportation and emergency situations where cash payments will be required.

Responding, Emefiele said: “This issue of paying logistics for people who are going to be transporting election materials to wards, certainly I give it to you that because we regard the INEC project as an urgent national assignment, it cannot fail.

The central bank will not allow itself either to be used or to be seen as an agent that fru$trated positive outcome of the election.

If you require cash to pay some of your service providers, we will make it available to you.

I will make sure that we will not allow ourselves to be seen as an agent that frustrated a positive outcome of the election.”