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Wednesday 16th October 2019,
Hope for Nigeria

EXCLUSIVE: APC, PDP, others violate Nigeria’s law on financial disclosure

Nigeria’s law on financial disclosure

Most political parties in Nigeria, including the front-running APC and PDP, as well as reforms-touting parties of Omoyele Sowore and Kingsley Moghalu, among others, breached Nigeria’s law on financial disclosure to the electoral commission, INEC, findings by Hope For Nigeria Online show.

Section 93(4) of Nigeria’s electoral law provides that “a political party sponsoring the election of a candidate shall, within three months of the announcement of the results of the election, file a report of the contributions made by individuals and entities to (Independent National Electoral) the Commission.”

The results of the 2019 presidential election were officially announced on February 26, three days after the poll, which was mainly a contest between President Muhammadu Buhari of the APC and Atiku Abubakar of the opposition PDP.

Mr Buhari, the incumbent, was returned the winner.

About 73 parties sponsored candidates for election; and by the provision of the law, they should all have submitted to INEC a report on the financial contributions they received with reference to their participation in the election by May 26, three months after the announcement of the results.

ONLY FOUR PARTIES COMPLIED

Although the requirement for filing report of contributions received is statutory, only four of the 73 parties complied within three months specified by the law, INEC sources told Hope For Nigeria Online.

The parties that complied were Action Democratic Party (ADP), which sponsored Yabagi Yusuf who gained 0.20 per cent of the votes; and All Grassroots Alliance (AGA), which sponsored Nwachuwkwu Nwabukwu and scored 0.02 per cent.

The other two were the Liberation Movement and YES party, which, respectively, sponsored Kriz David and Ali Soyode. Each of the parties scored 0.01 per cent.

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