The commission made this known in a statement signed by Yakubu's Chief Press Secretary, Rotimi Oyekanmi, on Saturday.
Oyekanmi insisted that his principal does not own any property and the rumours are part of a desperate smear campaign.
The statement read: “The property being purportedly attacked by some youths in a video clip circulating on the social media does not belong to the INEC Chairman, Prof. Mahmood Yakubu.
“The INEC Chairman does not own the property in question in either Bauchi or anywhere else around the world.
“This narrative is indeed the latest in the series of desperate smear campaign efforts by mischief makers. The public should disregard it.”