Politics

Why Political Parties’ Audited Accounts Haven’t Been Published Since 2016 –INEC

Published

4 years ago

May 15, 2022

Indications have emerged that the refusal of political parties to submit to the Independent National Electoral Commission their annual financial statement as required by the constitution and the Electoral Act has prevented the commission from monitoring their finances and publishing the same as mandated by the constitution.

INEC confirmed to Sunday PUNCH that it audited the accounts of the parties up to 2016 and it had gone far on their 2017 and 2018 accounts, whilst awaiting the remaining years.

INEC Chairman, Prof Mahmood Yakubu, said at a meeting with chairmen of political parties in March 2021 that only one political party complied with the constitutional provision, warning that their refusal to comply was in contravention of the law.

Yakubu had said, “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 Section 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 Section 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.”

A top source in the commission however told our correspondent that the reason INEC had defaulted in publishing the accounts annually, in line with the constitution, was because political parties had refused to comply.

The source said, “The truth of the matter is that the parties have not been complying. I don’t know how many of them have been complying, but the big ones have not. These are our stakeholders and we meet with them, so we don’t want it to appear as if we are dragging them in the media.”

When asked why the commission did not sanction them for not complying, the source said, “We try to persuade them to do what is expected of them rather than wield the big stick. The current chairman likes to persuade people instead of imposing sanctions all the time. It is only when we try all persuasive means and they don’t change that we apply sanctions, and then they come begging.

“When the chairman comes out to speak like that, it’s a note of warning to them and we expect that they should understand. They don’t have to wait till the commission comes hard on them in that regard.”

Meanwhile, when asked why the commission has not published the parties’ audited accounts for years, violating the constitution that seeks to entrench transparency and accountability in the way the parties are run, the Chief Press Secretary to INEC Chairman, Mr Rotimi Oyekanmi, said, “The commission has audited the accounts of political parties up till 2016 and we have gone far on 2017 and 2018 accounts.

“However, the advent of the Covid-19 pandemic in 2019 slowed us down. Don’t forget also, the commission deregistered 74 political parties in February 2020 and we now have 18 political parties. However, we have made substantial progress and work on this issue will be completed in due course.”

Section 86 of the Electoral Act mandates every political party to submit its detailed annual statement of account to the commission, which would be audited by the commission and subsequently published in two national newspapers and the commission’s website.

Section 86 (1) states, “Every political party shall submit to the commission a detailed annual statement of assets and liabilities and analysis of its sources of funds and other assets, together with statement of its expenditure including hard and soft copy of its list of members or in such a form as the commission may require.

“(2) Any official of the political party who contravenes subsection (1) commits an offence and is liable to a fine of Nl,000,000 or imprisonment for a term of six months or both. (3) A political party shall grant to any officer authorised in writing by the commission, access to examine the records and audited accounts kept by the political party in accordance with the provisions of this Act and the political party shall give to the officer all such information as may be requested in relation to all contributions received by or on behalf of the party.

“(4) The commission shall publish the report on such examinations and audit in two national newspapers and the commission’s website within 30 days of receipt of the results.”

Similarly, section 15, under Part I of the Third Schedule of the 1999 Constitution (as amended), mandates the commission to “monitor the organisation and operation of the political parties, including their finances,” and “arrange for the annual examination and auditing of the funds and accounts of political parties, and publish a report on such examination and audit for public information.”

Also, Section 225 (1) states, “Every political party shall, at such times and in such manner as the independent National Electoral Commission and publish a statement of its assets and liabilities.” The subsection (2) adds, “Every political party shall submit to the Independent National Electoral Commission a detailed annual statement and analysis of its sources of funds and other assets together with a similar statement of its expenditure in such form as the Commission may require.”

When contacted on the reason for their refusal to submit their detailed accounts annually, some of the major parties did not answer their calls.

PUNCH.

Politics

PDP Reacts To Fubara’s Defection To APC

Published

1 week ago

December 9, 2025

Editor

The Kabiru Turaki-led Peoples Democratic Party (PDP) has reacted to the defection of Rivers State Governor, Siminalayi FubaraGovernor, Siminalayi Fubara, to the ruling All Progressives Congress (APC), describing the move as a “self-inflicted injury” and a culmination of choices the governor “willingly embraced.”

Fubara on Tuesday defected from the PDP to the ruling APC.

He announced his decision during a stakeholders’ meeting held at the Government House in Port Harcourt on Tuesday. Fubara joins several of his colleagues who have also switched to the APC this year.

Recently, 17 members of the House of Assembly, loyal to former Governor Nyesom Wike and led by Speaker Martin Amaewhule, announced their defection from the PDP to the APC, thereby altering the balance of power in the legislature.

In a statement issued Tuesday night by National Publicity Secretary, Ini Ememobong, the PDP said Fubara’s exit merely affirmed the legal maxim volenti non fit injuria—”to one who is willing, no harm is done.”

According to the PDP, the governor’s political troubles and eventual departure were products of his own decisions.

“Everyone who has followed developments that culminated in this uneventful defection will recall that the Governor willingly travelled the path that took him to this destination,” the statement read.

“Having done so voluntarily, he cannot turn around and accuse our party or any person or group of failing to protect him.”

The party insisted that at every stage of the crisis that engulfed Rivers politics over the past year, civil society groups, democratic actors and Nigerians across political divides stood in Fubara’s defence until he “capitulated.”

Politics

JUST IN: Fubara Dumps PDP For APC

Published

1 week ago

December 9, 2025

Editor

Governor Siminalayi Fubara of Rivers State has defected to the All Progressives Congress, APC, dumping the Peoples Democratic Party, PDP.

Fubara announced this at a stakeholders meeting at the government house in Port Harcourt.

“We can’t support President (Tinubu) if we don’t fully identify with him, not just backyard support.

“Our decision this evening is that we are moving to the APC,” Fubara said as he announced his defection from the PDP to the APC.

The development comes amid political tension in the oil rich Niger Delta state.

Recall that President Bola Tinubu on Monday
held confidential discussions the with the Governor.

The engagement, held at the State House in Abuja, came against the backdrop of escalating political friction in Rivers State and ongoing uncertainties regarding Fubara’s standing within the PDP.

Politics

Tinubu, Six APC Governors Hold Closed-door Meeting At Aso Villa

Published

1 week ago

December 8, 2025

Editor

President Bola Ahmed Tinubu on Monday met with six governors elected on the platform of the All Progressives Congress (APC) in a closed-door session at the State House, Abuja.

The purpose of the meeting was not immediately disclosed, and details of its agenda remained unclear at press time.

In attendance were governors Umar Namadi (Jigawa), Monday Okpebholo (Edo), Biodun Oyebanji (Ekiti), Usman Ododo (Kogi,) Aliyu Sokoto (Sokoto) and Dr. Nasir Idris (Kebbi), who arrived at the Presidential Villa separately.

The meeting, held in the President’s office, lasted almost two hours.

Although no Presidency official offered insight into the agenda, the consultations come amid rising security concerns across the country and ongoing political engagements within the ruling party.

The governors declined to speak to journalists after the meeting.

President Tinubu has recently intensified his focus on national security by convening a series of high-level meetings involving key security stakeholders, including the service chiefs of the Army, Navy, and Air Force, as well as intelligence coordinators and senior officials from various security agencies.

This increased engagement comes in response to a worrying upsurge in banditry, kidnappings, and violent crimes that have spread across multiple regions, causing widespread public concern and escalating pressure on the federal government for urgent and effective intervention.

These strategic meetings, frequently conducted in secrecy to ensure confidentiality and candid discussion, have aimed to undertake a comprehensive review of ongoing security operations nationwide.

Discussions have prioritised enhancing coordination and communication among military, police, and intelligence units to foster a more unified and cohesive response to security challenges.

In addition, the sessions have explored innovative and tactical measures that leverage intelligence gathering, rapid deployment, and community engagement to dismantle criminal networks and restore order.

Throughout these consultations, President Tinubu has underscored that safeguarding the lives and property of Nigerians is paramount.

He has called on the security apparatus to move beyond reactive measures and adopt more preventive, intelligence-driven strategies that anticipate threats before they escalate.

The administration’s renewed approach signals a commitment to reinforcing national security architecture and improving the operational effectiveness of all agencies involved in the fight against crime and insurgency across Nigeria.

In other news, the National Security Adviser (NSA), Nuhu Ribadu, has expressed optimism that the security challenges – terrorism, banditry, kidnapping, and other violent crime – Nigeria has been facing for almost three decades now will be overcome.

The NSA described those behind the “painful and unnecessary” challenges as “evil” and vowed they would be defeated.
Ribadu made remarks during the opening of a one-day dialogue organised by the National Peace Committee, in partnership with the delegation of the European Union to Nigeria and the U.S., on “a whole-of-Society Approach to the Prevention of Violence and Conflict in Northern Nigeria,” on Thursday in Abuja.

“This (security challenges) also shall pass. We are going through tough times. This will also go.

“But it’s very, very painful, what we are going through. It’s unnecessary.
They are very unfair to us, those who are responsible for this. They are evil.

“But they will be defeated. It’s a matter of time, and peace will be restored. That one we can assure you. Because there are people who are working, not necessarily making noise.

“There are people who are making sacrifices. Every single day, we go to bury our own deaths. Painful as it is. But most people don’t talk. Sacrifice is ongoing,” the NSA said.