INEC Express Commitment To Checkmate Political Parties On Campaign Finances
Written by Adewale Adeyemi on December 19, 2022
Ahead of the next general election, the Independent National Electoral Commission has said that it was determined to ensure that no provisions of the Electoral Act on party finances limits were observed in the breach by the political parties.
The National Commissioner, of Voters Education and Publicity, Mr. Festus Okoye, dropped the hint over the weekend while speaking with journalists.
He said the commission was already collaborating with security agencies and relevant anti-graft agencies to track the campaign funds of the 18 parties eligible to field candidates at the 2023 elections.
According to Section 88 of the Electoral Act, N5 billion is the maximum that any political party can spend on a presidential election while it gave N1 billion as the spending limit for the governorship.
Okoye maintained that no candidate of any party would be allowed to exceed the funding limit for election expenses and provisions of the law which frowns at offshore funds to finance elections in Nigeria.