The Independent National Electoral Commission (INEC), has made it known that no political party has complied with the section of the Electoral Act which directed parties to make known contributions received from individuals and corporate bodies for the last elections.
INEC boss, Prof. Yakubu who revealed this on Monday in Abuja, in his remark during the review of the 2019 general elections with political parties, also stressed the need for political parties to comply with the Electoral Act within the period specified.
According to him, only one political party has so far submitted its audited 2019 general elections expenses report, three months after the poll, adding also that only one presidential candidate has also submitted his financial expenses for the elections.
“It is important to remind us that as we review the 2019 general elections in order to identify successes, challenges and the way forward, we should also ask ourselves the extent to which we have complied with the extant laws.
“I wish to remind you that the Electoral Act 2010 (as amended) requires each political party to submit two election expenses reports to the commission.
“First is the disclosure of material contributions received from individuals and corporate bodies three months after the announcement of the results of the General Election as provided for in Sec. 93(4) of the Electoral Act.
“So far, no political party is in compliance.
“Secondly, parties are required to submit audited returns of their election expenses within six months after an election as provided for in Sec. 92(3)(a) of the Electoral Act.
“Although we are still within the time frame provided by law, so far only one party has filed its returns.
“Similarly, the Commission notes that only one presidential candidate has submitted financial expenses report. We wish to remind leaders of political parties of their obligations under the law,” he said.