The Independent National Electoral Commission (INEC) has raised the alarm that Nigeria’s democracy is being threatened by the predominance of money politics.

The INEC Chairman, Prof. Mahmood Yakubu, said this at a one-day colloquim on “Emerging Issues that will Shape the 2023 General Election in Nigeria” organised by the Centre for Democracy and Development (CDD) in collaboration with Open Society Initiative for West Africa (OSIWA) on Wednesday in Abuja.

Yakubu said that there were three critical challenges to overcome in the conduct of the 2023 elections namely insecurity, fake news and money politics.

“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.

Ex-VP’s son: Nothing strange asking PDP delegates for N2m refund

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

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

“On the one hand, you have 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,” he said.

According Yakubu, what political parties do is critical to what INEC does because that is what is called the primary election.

This, he said, was because the candidates that emerged from the primary elections were the ones that would participate in the secondary election which INEC would conduct.

He said that the commission was working with anti-graft and finance agencies to see how to curb the challenge of money politics.

He added that the commission was concerned about the security situation in the country as it prepare for the 2023 general election because it was a major challenge.

He said that the commission has been meeting with security agencies to tackle the challenges.

He added that the commission would try as much as possible to be transparency during the elections in order not to give room for fake news.

“I believe that the antidote to fake news is more real good news, and greater openness and transparency. We will continue to be open and transparent,” he said.

Ex-Jigawa gov’s son emerges PDP guber candidate

Prof. Attahiru Jega, former INEC chairman, said that the use of money in Nigerian politics was a source of concern.

According to Jega, frankly, the way money is used, many of us are now saying that we are moving in the direction of becoming a plutocracy rather than a democracy.

“Plutocracy is basically government of the rich for the rich by the rich.

“Imagine, the National Assembly altered the Electoral Act to increase the threshold of how much a candidate can spend for election finance.

” hat is something that we should all have opposed regrettably, we were too busy with the issue of electronic transmission and so on that we lost focus.

“We did not pay sufficient attention to what they were trying to do because they now smuggled the issue of huge financial outlays required of candidates,” he said.

Jega said that in addition to that, many political parties, especially the so-called big ones, now put huge amounts as nomination fees, which automatically excluded women, young men and people with disability from the contest.

He said that attention has to be focused on money politics for the next cycle of electoral reform to the electoral legal framework.

The Star