CBN cash limit to tackle vote buying - ZLP Chairman

Zenith Labor Party national chairman Dan Nwanyanwu said on Tuesday that the Central Bank of Nigeria's new cash withdrawal limit policy was a perfect strategy to control vote buying in the upcoming elections.< /p>

It was then that he revealed that some politicians were pushing hard to stop the use of the bimodal voter accreditation system during elections using questionable litigation.

He made the claims during his appearance on Channels TV's Politics Today.

The Central Bank had, in a circular issued on December 6, 2022, set a maximum limit on cash withdrawals at the counter by individuals and businesses per week in order to reduce the amount of cash in circulation.

However, the lawyer-turned-politician sees merit in this argument as he argues that if implemented, it will help clean up the political system and get rid of unnecessary financial incentives.

He said, "The threat of vote buying is why we support this new CBN cash flow policy.

"There's no way this won't affect those who bring a huge amount of money to the voting unit, and that's why you see them crying. They want it changed and resigned.

“We thank Mr. President for giving his approval to this and by the end of this month any old money kept in obscure places will become toilet paper and they should facilitate our access to new banknotes until after the elections.

"This is a very good policy that the central government has brought in and Mr. President has graciously endorsed."

Nwanyanwu, who is also the ZLP's presidential candidate, noted that threats against the 2023 general election were potent despite assurances from Information and Culture Minister Lai Mohammed that the elections would go ahead as planned. expected.

The PUNCH reports that the President, Major General Muhammadu Buhari (Retired), has repeatedly assured Nigerians that the elections will be free, fair and transparent.

The ZLP candidate said: "The threat against the 2023 general election is powerful. We have seen a lot of insecurity across the country.

"The latest being the attempt by some political parties to truncate the use of the BVAS and the IREV and also to initiate legal proceedings so that INEC President, Professor Mahmood Yakubu, be removed from office and banned from holding public office for 10 years.

“First they went to court in Umuahia, they had no facts, they didn't present anything, it was based on speculation. The court rejected it, they went to the Court of Appeal, and it was also rejected. They came back to Abuja and it was rejected last week. They might go somewhere else soon because they are on the shopping forum.

"I met some parliamentarians a week before Christmas in a public place and they called me Mr BVAS and when I asked the reason for calling me that, they said I was talking too much about BVAS.

“During our discussion, they said that they regretted passing the law that it had not been properly explained to them and that if they had known it would not have passed I told them it was too late to change anything but they said it would be changed so you can see that there are various interests that don't want free, fair and credible elections .

"We speak for the common good. If you put bad people in government, they have nothing to offer and that's why we want the best laws, the capacity and the political will to do what is needed. must."

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