Nigeria’s democracy under threat by money politics – INEC

Nigeria’s democracy under threat by money politics – INEC

The Independent National Electoral Commission (INEC) has decried the bad effect of money politics in Nigeria’s democracy.

INEC Chairman, Mahmood Yakubu who spoke at an event organised by the Centre for Democracy and Development (CDD) in collaboration with the Open Society Initiative for West Africa (OSIWA) in Abuja on

Wednesday May 25, disclosed that some of the challenges they are facing ahead of the 2023 general election are insecurity, fake news and money politics.

He said;

β€œMy third area of concern is the influence of money on politics and is becoming more present and the risk is that ours may soon become a plutocracy for the rich rather than a democracy for the people.
β€œThe way money is exchanging hands is a source of concern, yes, we have collaboration with ICPC and the EFCC and only recently we renewed our collaboration with the EFCC, saying that we are going to do something together.
β€œHowever, there are two dimensions to it, when you have willing connectors it becomes a bit more difficult to contain the situation.
β€œOn the one hand, you have brilliant examples, we all saw this on the social media in Anambra when there was an attempt to bribe voters and the women refused to accept the money and voted their conscience.”

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