Why Political Parties Are Not Allowed To Receive Funds From Abroad - INEC Reveals
AFNews Reporter
Oct 01, 2022
The Independent National Electoral Commission (INEC) commissioner, Festus Okoye has said that political parties are not allowed to receive funds from foreign countries.
READ ALSO: JUST IN: Senator Anyim's Impending APC Membership Revealed at Local Rally
Okoye said this on Friday on Channels Television's Politics on Friday, adding that parties are not also allowed to receive funds anonymously.
READ ALSO: How a Catholic Priest Slumped and Died While Delivering Homily in Delta Church
"Section 225 of the Nigerian constitution makes it clear that no registered political party in Nigeria shall possess any funds outside the country," Mr Okoye said.
READ ALSO: Ofuji Ndị Igbo Sets 2026 Agenda, Promises Greater Community Engagement
"In other words, a political party cannot open an account and have monies remitted into that particular account outside the Federal Republic of Nigeria.
READ ALSO: Humans Are The First People We Should Run Away From - Bobrisky Advices Mompha
"Secondly it makes it clear that no political party shall under any circumstance retain any funds remitted to it outside the country.
READ ALSO: Drake Reacts To Rihanna's Pregnancy Announcement | READ DETAILS
"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."
Related Stories
Bloodbath At Wedding: Bandits Kill 13, Abduct Many In Midnight Attack In Kaduna Community
"Ikwuano Locked Down For Alex Otti" - Monday Ubani SAN Sends Strong Message To Opposition
Mother's Day: Abia Government Liaison Officer Honours Women, Says Mothers Shape Future Leaders
Why ICPC Is Prosecuting Mike Ozekhome Over a London Property Deal That Has Shaken Nigeria's Legal Circle | READ DETAILS
Ofuji Ndị Igbo Sets 2026 Agenda, Promises Greater Community Engagement
How a Catholic Priest Slumped and Died While Delivering Homily in Delta Church
""
— AFNews Reporter