- Over 5000 APC Members Decamp to PDP in Kogi - October 3, 2022
- Elections:’I am Ready to Serve Nigerians’- Tinubu Debunks Health Rumours - October 3, 2022
- Nigeria’s Super Falcons to Face Japan in Friendly Match - October 2, 2022
The Independent National Electoral Commission (INEC) has warned political parties to desist from receiving funds from foreign countries to aid their campaigns.
The INEC National Commissioner, Festus Okoye, stated this while speaking on a programme, Politics Today, aired on Channels Television.
He also said political parties are not allowed to receive anonymous donations to fund campaigns.
This may pose a problem to the Labour Party since it has told Nigerians abroad to fund its campaigns, as the party risk remitting such funds to INEC as stated by Festus Okoye.
Okoye said, “Section 225 of the Nigerian constitution makes it clear that no registered political party in Nigeria shall possess any funds outside the country.”
“In other words, a political party cannot open an account and have monies remitted into that particular account outside the Federal Republic of Nigeria.”
“Secondly it makes it clear that no political party shall under any circumstance retain any funds remitted to it outside the country.”
“And if such funds are remitted to the political party from outside the country, that particular political party has a constitutional and legal obligation to turn in such funds to INEC within a period of 21 days from the date of receipt of such funds,” He added.
Source: The Nation