2023: INEC Says All Candidates Must Declare Their Bank statements

The Independent National Electoral Commission (INEC), said on Friday that candidates vying for any electoral position in 2023 must declare their bank statements.

Chairman of the commission, Mahmood Yakubu, represented by a National Commissioner, Kunle Ajayi, stated this in Abuja during a policy roundtable conference on political campaign finance.

Ajayi noted that the Commission would set up monitoring committees like Central Bank of Nigeria, DSS, EFCC, the ICPC, (commercial) banks and other law enforcement agencies to monitor the expenditure of candidates during the campaign period.

He said: “As 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.

“We have not officially declared notice for the 2023 general election, but when we do 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.

“Every 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.

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

“We are going to establish finance monitoring teams and they will be among the electorate but they (politicians and political parties) won’t know.

“We 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’t influence the voting pattern.”