Abstract: Poor election administration remains a recurring problem of electoral politics in Nigeria. The credibility and general acceptability of any election outcomes and the legitimacy of the elected government are a function of the transparency, freeness and fairness of the electoral process. The 2007 elections look set to be the most critical in the nation`s efforts to consolidate and sustain the growing democracy. Apart from its challenge to the nation`s capacity to hold a successful civilian-to-civilian election, the election has stimulated keen interest because of its importance in determining the future of democracy in Nigeria. Skepticisms and apprehensions about the feasibility of a successful transition are engendered by the prevailing difficulties confronting the transition process in terms of growing political violence and failing electronic voters registration exercise which is believed to be an artificially and officially created obstacle designed to ensure that the 2007 elections fail and consequently ensuring the actualization of a planned hidden third term agenda for the Obasanjo presidency. The study examines the major challenges confronting INEC in its attempts to conduct credible elections with popularly acceptable results devoid of traditional controversies and crisis associated with previous transitional elections. The study operates from the premise that relative political stability, legitimacy of government and democratic sustainability are interactively conditioned by transparent and credible elections.