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    Cashless system can help track election financing – Osinbajo

    David GreatBy David GreatJanuary 31, 2023No Comments3 Mins Read
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    Vice President Yemi Osinbajo receives in audience Mr. Barry Andrews, the European Union Chief Elections Observer and his EU Delegation at the Statehouse
    Vice President Yemi Osinbajo receives in audience Mr. Barry Andrews, the European Union Chief Elections Observer and his EU Delegation at the Statehouse
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    • EU Election Observers visit VP

    Vice President Yemi Osinbajo says when effectively operated, a cashless policy in Nigeria can help stem the surge of illicit election financing by making it possible to track funds.

    “I think that what we should be looking at is to provide more infrastructure. The cashless thing has been really advantageous and helps with tracking. That sort of infrastructure is useful for more financial inclusion and the more financial inclusion you have, the easier it is to track,” he said.

    Osinbajo spoke earlier today at the Presidential Villa when he received a delegation of the European Union Election Observation Mission led by Mr. Barry Andrews, the Chief Observer, who is also a member of the European Parliament.

    According to Prof. Osinbajo, “so much money can be spent without it being tracked,” under the current election financing practices in the country.

    While noting the serious difficulty in controlling election financing because of cash transactions, the VP stated that there are still infrastructure issues required to be in place to ensure an efficient cashless system in the country. “With cash transactions, it is still difficult to seriously control election financing, ” the VP observed.

    On the issue of electoral offences, Osinbajo noted that there is the Electoral Offences Commission Bill at the National Assembly and “we hope that it will begin a new regime of dealing with electoral offences which would be helpful.”

    • Osinbajo-led FEC moves to protect children in the digital environment

    He emphasized that “by and large, one shouldn’t expect INEC to be the investigator of electoral offences. I think that law enforcement agencies should be responsible for arresting and prosecuting offenders, State by State.

    “Electoral offences are always seen through a political prism; people will always feel that they are being prosecuted because they belong to a certain party.

    “What is more important is that we have to find a system where the police could have a special unit for offences during the course of elections. The Federal High Courts could also have a special jurisdiction to deal with offences and not extend beyond the Federal High Courts.”

    On the role of the judicial system, the Vice President noted that more attention should be paid to the monitoring of tribunals and their outcomes, calling for more scrutiny from the National Judicial Council.

    He disclosed that discussions have been had in the past concerning malfeasance on the part of some judges and those found guilty should be brought to the fore.

    “There should be sanctions and that way, we would be able to clean up and correct some of the problems”, Prof. Osinbajo noted.

    In his own remarks, Mr Andrews mentioned that the Observer Mission would be monitoring the elections coming up next month and hope for a peaceful and fair electoral process.

    According to him, this is the 7th time the Independent National Electoral Commission is inviting the EU Mission to monitor the elections, adding that the team has been in the country since 11th January and would be here till the end of March, 2023.

    Other members of the delegation include Ms Samuela Isopi, Ambassador, EU Delegation to Nigeria and ECOWAS and Mr. Thomas Boserup, Deputy Chief Observer, EU Election Observation Mission.

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    Gunmen abduct former minister Adebayo Adelabu’s sister and her twin sons in Ibadan as police launch a rescue investigation.

    Kidnappers abduct Adelabu’s sister, two children in Ibadan

    June 3, 2026
    Nigerian Army troops during a counter-insurgency operation in Borno state after repelling an ISWAP attack in Chibok.

    Troops neutralize 50 terrorists, top ISWAP commander in Borno

    June 3, 2026
    Yusuf Datti Baba-Ahmed speaks during an interview, explaining why he agreed to run alongside Peter Obi in the 2023 presidential election and defending his political independence.

    I joined Obi out of sympathy, he doesn’t own my politics — Datti Baba-Ahmed

    June 3, 2026
    Terrorists

    Terrorists kill one, kidnap Sarkin Fulani’s wives in Kwara

    June 3, 2026
    The Christian Association of Nigeria (CAN) has declared a three-day national mourning period beginning June 12 over the worsening security situation in the country

    CAN declares national mourning, demands emergency over insecurity

    June 3, 2026
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