{"id":138032,"date":"2022-01-21T21:10:34","date_gmt":"2022-01-21T20:10:34","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=138032"},"modified":"2022-01-21T21:10:34","modified_gmt":"2022-01-21T20:10:34","slug":"2023-every-candidate-must-declare-bank-asset-inec","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/01\/21\/2023-every-candidate-must-declare-bank-asset-inec\/","title":{"rendered":"2023: Every candidate must declare bank asset &#8211; INEC"},"content":{"rendered":"<p>The Independent National Electoral Commission (INEC) has stated that it would beam its searchlight on\u00a0politicians and political parties to track the sources of funds for their campaigns in the 2023 general election.<\/p>\n<p>The commission, therefore vowed to set up committee to monitor election expenditure ahead of the elections.<\/p>\n<p>This was stated by the Chairman of <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/01\/20\/2023-underage-persons-wont-vote-says-inec\/\">INEC<\/a>, Mahmood Yakubu, represented by a National Commissioner, Kunle Ajayi in Abuja during a policy roundtable conference on political campaign finance organised by The Electoral Forum, an organ of the Initiative for Research, Innovation and Advocacy in Development with support from MacArthur Foundation.<\/p>\n<p>He said, \u201cAs long as we have not notified anybody that the race to the 2023 general election has started, we are not unaware of what anybody is doing. We follow the law strictly.<\/p>\n<p>\u201cWe have not officially declared notice for the 2023 general election, but when we so declare, we will put our monitoring committees to motion like the Central Bank of Nigeria, DSS, EFCC, the ICPC, (commercial) banks and other law enforcement agencies. We have that plan already.<\/p>\n<p>\u201cEvery candidate must be made to declare his bank asset. That is where they draw out their money, so we will make them present their statement of account right from the onset.<\/p>\n<p>\u201cWe will make it mandatory for them to turn in their bank statement so that if they say they are doing billboard and the account remains the same, then there is a problem.\u201d<\/p>\n<p>The INEC chairman also said that INEC would also monitor the movement of money on election days to help tackle vote-buying at polling units.<\/p>\n<p>Mahmood said that through the Economic and Financial Crimes Commission, commercial banks would be mandated to report all suspicious transactions ahead of the election.<\/p>\n<p>The INEC chairman also threatened to prosecute any bank that failed to cooperate.<\/p>\n<p>Speaking on the issue of vote-buying, Mahmood said, \u201cWe are going to establish finance monitoring teams and they will be among the electorate but they (politicians and political parties) won\u2019t know.<\/p>\n<p>\u201cWe are going to do it in a way that the influence of money will be reduced because we want to make the electoral field a level playing ground for both rich and poor candidates and electorates. Everybody will go on an equal economic level so that you won\u2019t influence the voting pattern.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Independent National Electoral Commission (INEC) has stated that it would beam its searchlight on\u00a0politicians and political parties to track the sources of funds for their campaigns in the 2023 general election. The commission, therefore vowed to set up committee to monitor election expenditure ahead of the elections. This was stated by the Chairman of [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":3482,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[2196,28182,101,28181],"class_list":["post-138032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-2023-election","tag-bank-asset","tag-inec","tag-mahmod-yakubu"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>2023: Every candidate must declare bank asset - INEC<\/title>\n<meta name=\"description\" content=\"The Independent National Electoral Commission (INEC) has stated that it would beam its searchlight on\u00a0politicians and political parties to track the sources of funds for their campaigns in the 2023 general election.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2022\/01\/21\/2023-every-candidate-must-declare-bank-asset-inec\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2023: Every candidate must declare bank asset - INEC\" \/>\n<meta property=\"og:description\" content=\"The Independent National Electoral Commission (INEC) has stated that it would beam its searchlight on\u00a0politicians and political parties to track the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2022\/01\/21\/2023-every-candidate-must-declare-bank-asset-inec\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/SodiqAdewaleChocomilo?mibextid=ZbWKwL\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-21T20:10:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2021\/03\/kunlenet07\/2021\/03\/09\/Prof.-Mahmood-Yakubu.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"781\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sodiq Lawal Chocomilo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@OChocomilo\" \/>\n<meta name=\"twitter:site\" content=\"@withinnigeria\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sodiq Lawal Chocomilo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2022\\\/01\\\/21\\\/2023-every-candidate-must-declare-bank-asset-inec\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2022\\\/01\\\/21\\\/2023-every-candidate-must-declare-bank-asset-inec\\\/\"},\"author\":{\"name\":\"Sodiq Lawal Chocomilo\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#\\\/schema\\\/person\\\/db8593431a99b3751c40316ba4b4a452\"},\"headline\":\"2023: Every candidate must declare bank asset &#8211; 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