…Must also keep to rules guiding campaign financing and spending limits
Political parties cannot receive financial contributions from outside the country
The Independent National Electoral Commission (INEC) has said the nation’s registered political parties must disclose the sources of their campaign funds and keep to the rules guiding campaign financing and spending limits.
The INEC Chairman, Prof. Mahmood Yakubu, said this in an exclusive interview with Trust TV. The interview will air on the TV channel at 7 pm tomorrow (Monday).
According to him, there are also limits for what individuals can contribute to campaign financing, as individuals can only make contributions subject to certain limits.
“The party also has its own limitations as to what it can spend including where the money is coming from and the responsibility for full disclosure for transparency. The limits are in the law actually.
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“These are in the law and they must be obeyed and respected,” Yakubu said.
The INEC boss reiterated that parties cannot receive financial contributions from outside the country and that if there is any money received by any party from outside the country, such funds must be transferred to the commission.
