Naira Redesign: Some Politicians Lost Elections Because They Didn't Have Money To Share - EFCC

The Economic and Financial Crimes Commission (EFCC) said that some politicians seeking office in the 2023 general elections lost due to the unavailability of cash to share to voters because of the Naira redesign policy of the Central Bank of Nigeria (CBN).

The Head of Media and Publicity of the antigraft agency, Wilson Uwujaren, stated this while speaking at a function on Wednesday, May 17.

He pointed out that the naira redesign helped in frustrating the electoral corruption during the elections, adding that some politicians lost in their strongholds because they did not have money to share.

“The violence during elections was caused by the unavailability of cash which was the CBN’s naira redesign policy because politicians could not buy votes. Some politicians lost elections in their strongholds which could not have happened because they didn’t have the cash to share.” Uwujaren said,