Findings by PREMIUM TIMES show that Most political parties in Nigeria, including the front-running APC and PDP, as well as reforms-touting parties of Omoyele Sowore and Kingsley Moghalu, among others, breached the country’s law on financial disclosure to the electoral commission, INEC
Section 93(4) of Nigeria’s electoral law provides that “a political party sponsoring the election of a candidate shall, within three months of the announcement of the results of the election, file a report of the contributions made by individuals and entities to (Independent National Electoral) the Commission.”
About 73 parties sponsored candidates for election; and by the provision of the law, they should all have submitted to INEC a report on the financial contributions they received with reference to their participation in the election by May 26, three months after the announcement of the results.
Although the requirement for filing report of contributions received is statutory, only four of the 73 parties complied within three months specified by the law, INEC sources told PREMIUM TIMES
The parties that complied were Action Democratic Party (ADP), which sponsored Yabagi Yusuf who gained 0.20 percent of the votes; and All Grassroots Alliance (AGA), which sponsored Nwachuwkwu Nwabukwu and scored 0.02 percent.
The other two were the Liberation Movement and YES party, which, respectively, sponsored Kriz David and Ali Soyode. Each of the parties scored 0.01 percent.
The four, however, are part of those described as mocking Nigeria’s multi-party system by senior lawyer Femi Falana, based on their dismal showing at the polls.
Nigeria, a liberal multi-party democracy, has 91 registered political parties, 73 of which sponsored candidates for the presidential election.
However, most of them lack presence countrywide and were not able to poll up to 20 thousand votes in the last presidential election which saw a turnout rate of 34.75 percent of 82 million registered voters.
Nigeria’s two major parties, the ruling APC and opposition PDP, did not comply with the law. APC scored 55.60 percent to defeat PDP with 41.22 percent in the presidential election.
Other parties together had 3.18 percent.
Speaking with PREMIUM TIMES on Tuesday, PDP spokesperson, Kola Ologbondiyan, suggested that his party is yet to submit its report because it has not accepted the outcome of the election.
“The result is in contention,” said Mr Ologbondiyan, referring to the ongoing case between the PDP and APC over the validity of Mr Buhari’s victory.
APC’s Lanre Issa-Onilu did not comment for this report after our request.