BREAKING: Emefiele Speaks On CBN's Fresh Plan After Meeting INEC Chairman

BREAKING: Emefiele Speaks On CBN's Fresh Plan After Meeting INEC Chairman



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Professor Mahmood Yakubu, the chairman of the Independent National Electoral Commission (INEC) held a meeting with the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele on Tuesday, February ,7 The INEC boss was accompanied by 11 national commissioners of the electoral body. Speaking during the meeting, Yakubu disclosed that the cause of the meeting was the important role of the CBN in conducting a free and fair election. He added that it was in particular about the recent cash withdrawal policy of the apex bank. The CBN boss has unveiled the redesigned N200, N500 and N1000 notes, adding that his plan is to end the circulation of the old notes by January 31, 2023.
According to Yakubu, this policy poses a great challenge to the commission as there are many services the commission must render with cash. He stressed that most logistic services that would be provided in the elections would be provided by the unbanked who solely rely on cash.
The chairman of the electoral body said he had come for the meeting with the CBN governor on how the crisis can best be addressed. On his part, Emefiele expressed the commitment of the CBN to support INEC, and that the apex bank would not be used to scuttle the electoral process. Source: Legit.ng 

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