Moneybag Politics: Nigeria may become a plutocracy for the rich only- INEC raises alarm

The electoral umpire, Independent National Electoral Commission (INEC), has raised an alarm about money politics threatening Nigeria’s democracy ahead of the 2023 general elections.

The alarm was raised by the Chairman of the commission, Mahmood Yakubu, Chairman of the Independent National Electoral Commission (INEC),

According to him, due to money politics, Nigeria may soon  become a plutocracy for the rich rather than a democracy for the people.

He raised this alarm during  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.

He lamented that  some of the challenges the commission is facing ahead of the 2023 general election are insecurity, fake news and money politics.

Yakubu said, “My 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.

“The way money is exchanging hands is a source of concern, yes, we’ve collaborated with ICPC and the EFCC and only recently, we renewed our collaboration with the EFCC, saying that we’re going to do something together.

“However, there are two dimensions to it, when you’ve willing connectors it becomes a bit more difficult to contain the situation.

“On the one hand, you’ve 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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