INEC explains reason behind prohibition on foreign crowdfunding by parties

INEC explains reason behind prohibition on foreign crowdfunding by parties

The Independent National Electoral Commission (INEC) on Friday said political parties in Nigeria are not allowed to receive funds from foreign countries.

Speaking on Channels Television’s Politics Today, INEC National Commissioner, Festus Okoye, said parties are also not allowed to receive funds anonymously.

The provision may affect parties such as the Labour party who have looked to Nigerians in the diaspora to fund part of their campaigns.

“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.

“In other words, a political party cannot open an account and have monies remitted into that particular account outside the Federal Republic of Nigeria.

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

“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,” the INEC official said.

Meanwhile, the Inspector-General of Police (IGP), Mr Usman Baba, has urged all political parties to embrace peaceful electioneering campaigns across the country ahead of the 2023 general elections.

To this end, the police boss solicited their cooperation with the police and other security agencies, to ensure a peaceful campaign across the country.

He stated this on Thursday, September 29, in Abuja at the signing of the first National Peace Accord on 2023 General Election by all the presidential candidates and their political parties.

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The IGP added that Commissioners of Police across the 36 states of the federation and the FCT were directed to meet with the leadership of all political parties and Resident Electoral Commissioners in their respective states towards mutually evolving the campaign schedules.

He directed that the order be implemented in a manner that would address possible cross-party conflicts in date, time, and venue of their campaigns.


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