The Chairman of the commission, Mahmood Yakubu said INEC would work with the Central Bank of Nigeria, Department of State Services (DSS), Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices Commission (ICPC), and commercial banks to carry out the task.
Yakubu said this while speaking during a policy roundtable conference on political campaign finance organized by The Electoral Forum (TEF) in Abuja on Friday, January 21, 2022.
At a separate forum on Thursday, the INEC chairman, who was represented at the policy roundtable conference by the National Commissioner and chairman (Committee on Party Monitoring), Prof. Kunle Ajayi, said that the commission was determined to track politicians’ campaign expenditure before and during the election.
He said commercial banks would be required to report all suspicious transactions ahead of the elections, adding that failure to do so would attract prosecution.
Yakubu 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 elections. 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.