The Central Bank of Nigeria, CBN,  has frozen all bank accounts operated by the Independent National Electoral Commission, INEC, following the commission’s failure to comply with Federal Government’s directive that all ministries, agencies and departments must operate Treasury Single Account, TSA.

The commission is now cash strapped and is unable to discharge most of its responsibilities.

Informed sources at the commission had revealed that INEC had failed to comply with the government’s directives on the TSA, due largely to the peculiar activities of the body as the nation’s electoral umpire which should qualify it for exemption from the new directive.

It was further gathered that the decision of the governments to freeze all accounts operated by INEC has thrown the body in a serious dilemma because even the staff salary for September is yet to be paid just as many contractors whose outstanding fees were yet to be paid on a daily basis throng the commission for their payments.

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