Naira crisis: CBN will not be used to frustrate 2023 general elections – Emefiele
Godwin Emefiele, the Governor, Central Bank of Nigeria (CBN) has said that the apex bank will not allow itself to be used to frustrate the success of the 2023 general elections.
Emefiele stated this when the INEC’s chairman, Prof. Mahmood Yakubu led 11 National Commissioner on a visit to the Bank, saying the CBN will make cash needed to pay logistics available for the success of the polls.
He was responding to a request from Yakubu that the CBN should find a way of addressing scarcity of currency across the country 17 days to the Presidential and National Assembly elections since some service providers to the commission were “unbanned”.
Hw said: “The CBN will no allow itself to be used as agents to frustrate tye forth cing election which is a positive assignment.
“If you require cash to pay some of your service providers, we will make it available to you. We will not allow ourselves to be seen as agents that frustrate a genuine assignment”.
In his remark, The INEC chairman told the CBN Governor the 2023 polls will be the best in Nigeria’s history, adding that concerns have however been raised about the processes leading to the elections.
He added that while the Commission has transfered all its accounts at the state and national level to the apex bank, some of the services being rendered to the Commission need to be paid for in cash.
