Group tasks CBN, EFCC to check illegal cash transactions ahead of Governorship election

The Human and Environmental Development Agenda (HEDA) has asked the Central Bank of Nigeria, CBN, and the EFCC to clampdown on illicit funds transactions ahead of the gubernatorial and House of Assembly elections.

This is contained in a statement signed by the chairman , HEDA, Mr Olanrewaju Suraj in Lagos.

Suraju spoke against the backdrop of the Supreme Court Verdict delivered on Friday March 3 which invalidated the Naira redesign policy of the CBN

He said that the regulatory authorities needed to be vigilant to prevent politicians from leveraging the judgement to perfect vote buying in the March 11 elections

Suraju noted that the circulation of old Naira notes as legal tender would create loopholes in the fight against corruption and insurgency in the country, a goal the policy was proposed to achieve.

According to him, Nigerians hoping to benefit from the new Naira re-designed policy and the attendant hardship that came in it’s implementation have endured untold hardships and we’re gradually getting used to the cashless policy regime.

The NGO, chairman believed that vote-buying might be on the high side with the availability of old Naira notes against what was experienced during the Presidential elections.

He added that the EFCC should sustain its commendable efforts to curb vote-buying tactics by politicians to disrupt the integrity of the electoral process.