Osinbajo: Cashless policy will curb illicit election financing in Nigeria | TheCable NewNairaNotes
Vice-President Yemi Osinbajo says a cashless policy, when effectively operated in Nigeria, can help stem the surge of illicit election financing.
In a statement by Laolu Akande, his spokesperson, the politician reasoned that an effective cashless policy will make it easy to track funds and will be useful for financial inclusion.Advertisement“That sort of infrastructure is useful for more financial inclusion and the more financial inclusion you have, the easier it is to track.
He said there are still infrastructural issues required to be in place to ensure an efficient cashless system in the country.On electoral crime, he said the electoral offences commission bill is already at the national assembly.Osinbajo expressed hope that it would begin a new regime of dealing with electoral offences which would be helpful.
“I think that law enforcement agencies should be responsible for arresting and prosecuting offenders, state by state.
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