2023: Every candidate must declare bank assets, says INEC

• Monitoring Committees to curb excessive electoral funding

The Independent National Electoral Commission (INEC), has said that every candidate contesting in the 2023 general elections must declare their bank asset.

The Electoral Commision also said it would put out monitoring committees like the central banks, the DSS, the EFCC, the ICPC, the (commercial) banks and other law enforcement agencies in order to curb excessive electoral funding, adding that money politics, undue influence of money, marginalisation, particularly of women and youths and other vulnerable members of the electorates, are hampering participation.

The INEC Chairman, Mahmood Yakubu, represented by Kunle Ajayi, INEC’s national commissioner, made this known at a high-level policy roundtable on political campaign finance on Friday in Abuja.

He said: “Every candidate must declare bank asset because that is where they draw out their money, so we will make them to present their statements of account right from the onset.

“We will make it mandatory for them to turn in their bank statements so if they say they are doing billboards and the account remains the same, then there is a problem.” 

Yakubu said he looks forward to more recommendations on how INEC can provide solutions to issues bothering on elections, like vote-buying, issues of money bags, godfathers and how to provide a level-playing ground for everybody.

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