The Economic and Financial Crimes Commission (EFCC) has revealed that the cashless policy by the Central Bank of Nigeria (CBN) affected the 2023 elections.
According to the EFCC, some politicians lost elections due to their inability to give money to the electorates as a result of the Naira redesign policy of the CBN.
The Head of Media and Publicity of the EFCC, Wilson Uwujaren, made this known at a function on May 17.
ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!
READ ALSO: Politicians Move to Bypass Cash Withdrawal Limit Policy
He emphasized that the naira redesign policy helped in frustrating electoral corruption during the elections and that some politicians lost in their strongholds because they did not have money to share.
Uwujaren said:
“The violence during elections was caused by the unavailability of cash which was the CBN’s naira redesign policy because politicians could not buy votes. Some politicians lost elections in their strongholds which could not have happened because they didn’t have the cash to share.”
