Vice President Yemi Osinbajo says a cashless policy, when effectively operated in Nigeria, can help stem the surge of illicit election financing by making it possible to track funds. “So much money can be spent without it being tracked under the current election financing practices in the country.’’Osinbajo acknowledged the serious difficulty in controlling election financing because of cash transactions. “With cash transactions, it is still difficult to seriously control election financing.’’On electoral offences, the vice president said the Electoral Offences Commission Bill was at the National Assembly. He said he hoped that it would begin a new regime of dealing with electoral offences which would be helpful. Other members of the delegation include Ms Samuela Isopi, Ambassador, EU Delegation to Nigeria and ECOWAS and Mr Thomas Boserup, Deputy Chief Observer, EU Election Observation Mission.

Source: The Guardian February 03, 2023 03:52 UTC