INEC to probe FG Trade Moni Scheme

The Independent National Electoral Commission (INEC) says it will probe the TraderMoni micro-credit scheme of the Federal Government.

INEC Chairman, Professor Mahmood Yakubu, disclosed this to reporters on Thursday in Abuja.

Mahmoud said the electoral body was aware of the controversy trailing the TraderMoni, stressing that “they would investigate the scheme for possible violation of campaign finance laws.”

“The commission would study public comments on the scheme and assess whether or not the government violated the campaign finance laws.

“INEC has a mechanism for tracking campaign finance violations by the candidates and various political parties in the country,” he said.

This is following accusations describing the scheme as a form of vote-buying.

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