Cash crunch would no longer impede the conduct of February 25 presidential and National Assembly polls as Central Bank of Nigeria (CBN) begins allocation to Residential Commissioners of the Independent National Electoral Commission (INEC) across the 36 states of the federation.
A national commissioner of the commission who spokes to Daily Trust in confidence last night revealed this.
The national commissioner said branch controllers of the CBN have been instructed to disburse the funds to INEC offices in the states.
His words: “The issue of the cash crunch has been resolved and our resident electoral commissioners have started collecting the money.
“Before they got the clearance to have access to the money, we earlier sent the requests to CBN based on the demands of each state. What the REC in each state requires is different depending on the topography of their states and it is based on this that the funds were approved.”
The national commissioner stated that further security operatives had been urged to work closely with INEC for a safe distribution of the funds to local council areas.
Dr Adeniran Rahmon Tella, Oyo State Residential Commissioner confirmed the development to journalists at a news conference yesterday.
He said the commission had secured CBN to offset the payment of ad-hoc staff.
