According to the independent national electoral commission INEC the current scarcity of Naira notes in the country will affect the commission's ability to conduct elections as at when due.
Ten days to the general elections the commission is yet to receive cash for adhoc staffs and other activities despite the assurance by the CBN to provide the said cash in oder to enable the Inec to conduct elections.
It could be recalled that last week the chairman of the Independent National Electoral Commission Professor Yakubu met with the CBN Governor regarding the shortage of cash and how it can affect the conduct of the 2023 general general elections.
Immediately after the meeting Mr. Yakubu briefed Newsmen that the CBN has given him an assurance that cash will be made available to the commission to meet its obligations and ensure the smooth conduct of the elections.
Ten days to the elections the commission is yet to receive any cash from the CBN, a development that will most likely affect the commission's ability to conduct the elections.
On the oder hand the supreme court will today listen to a suit filed by Kaduna, Kogi and Zamfara States governments against the federal government over the full implementation of the Naira redesign policy amidst scarcity of the notes.
Last week the supreme court orders the Federal Government to halt it's planned ban on the use of the old Naira notes as a legal tender pending the hearing of the substantive suit, but in an outright violation of the oder the CBN Governor went ahead to issue a circular to deposit money banks to stop accepting the old notes, a development that further complicate things.
Today's ruling will go along way in easing or further complicating the suffering of Nigerians amidst shortage of cash and grounded commercial activities.
Tags
News