2023: Don’t Accept Donations Above N50m, INEC Warns Candidates
The Evangelist
November 26, 2022
Political parties and candidates participating in the 2023 general elections are not to econtribute or accept donations above N50 million, the Independent National Electoral Commission (INEC) has ruled.
The electoral umpire stated this in the guidelines for the conduct of political rallies, processions and campaigns, as well as finances and election expenses of political parties, candidates and aspirants for next year’s election.
According to the guidelines, “the maximum amount of money or other assets that an individual, a group of individuals or an entity can donate to a political party or aspirant for an election shall be N50 million.
“A political party shall not accept any monetary or other contribution which is more than N50,000,000 except it identifies and discloses the source of the contribution to the commission.
“Contribution to candidates by an individual or entity shall be from 150 days allowed for campaigns to election day. Contribution to aspirants by an individual or entity shall be from the date notice of the election is published to the conclusion of party primaries.”
The guideline explained further that, “election expenses of political party mean all expenses in cash or otherwise incurred by a political party or candidates as well as party primary expenses of aspirants from the date notice of election is published to the day of election only.
