The Independent National Electoral Commission INEC, has cautioned that the influence of money in politics is becoming more present, and the risk is that Nigeria may soon become a plutocracy for the rich rather than a democracy for the people. NAIRAMETRICS reports.

Prof. Mahmood Yakubu, INEC Boss made this known at a one-day colloquium on “Emerging Issues that will Shape the 2023 General Elections in Nigeria” organized by the Centre for Democracy and Development (CDD) on Wednesday in Abuja. Information Guide Nigeria

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“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”. jamb results

“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 stated.