The Independent National Electoral Commission (INEC) has confirmed that it has taken possession of a “substantial part” of the cash it requested of the Central Bank of Nigeria (CBN) amid the cash crunch in the country.
INEC Chairman, Prof. Mahmood Yakubu, confirmed receipt of the funds on Thursday, February 23, during a press conference in Abuja on the commission’s activities two days before the presidential and National Assembly polls.
“The bulk of the small amount of cash that we have requested from the Central Bank of Nigeria is right now being released to the commission’s offices nationwide.
“In fact, a substantial part of it has already been received by our offices nationwide and this has greatly facilitated the movement of sensitive materials yesterday from the branches of the Central Bank to our local government areas.
“By tomorrow, we’ll batch them and then move them on Friday to the registration area centres. And then on Saturday early morning, they’ll be moved to the polling units for voting.”