2023 political decision reserves: Political parties are not permitted to get foreign donations – INEC

Concerning the upcoming 2023 elections, the Independent National Electoral Commission (INEC) stated that political parties in Nigeria are now not authorised to be given money from overseas countries.

INEC National Commissioner Festus Okoye stated in the course of a program monitored by means of The Herald that parties are additionally no longer allowed to get hold of donations anonymously.

The provision might also have an influence on parties like the Labour Party, which have relied on Nigerians in the diaspora to bankroll section of their campaigns.

“Section 225 of the Nigerian charter makes it clear that no registered political party in Nigeria shall possess any money outside the country,” Mr Okoye said.

Also Read: Buhari shields FG’s borrowing, expresses obligation for infrastructure

“In different words, a political party can’t open an account and have monies remitted into that specific account outside the Federal Republic of Nigeria.

“Secondly it makes it clear that no political party shall underneath any circumstance maintain any funds remitted to it outside the country.

“And if such cash are remitted to the political party from outside the country, that specific political party has a constitutional and criminal responsibility to flip in such cash to INEC inside a duration of 21 days from the date of receipt of such funds.”