Politics

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

Published

3 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

Umahi Fires Back At Makinde Over Lagos-Calabar Highway Cost

Published

9 hours ago

October 11, 2025

Editor

The Minister of Works, David Umahi, has fired back at Oyo State Governor, Seyi Makinde, over his recent comments questioning the cost per kilometre of the Lagos-Calabar Coastal Highway, insisting that the governor misunderstood the technical details of road construction and cost evaluation.

Speaking during an inspection tour of the Keffi Bridge and the Nasarawa–Toto Road projects, alongside the state governor, Abdullahi Sule, on Saturday, Umahi said the cost of the highway had been carefully computed in line with global engineering standards and should not be reduced to “political soundbites.”

Governor Makinde had queried the minister’s estimated figures on the cost per kilometre of the Lagos-Calabar Coastal Highway, which is one of the signature infrastructure projects of President Bola Tinubu’s administration.

Makinde, who spoke at an event in a viral video on Friday, said there was no need for the Minister of Works, David Umahi, to be “dancing around the cost” of the project.

He said, “These are elementary questions. And it makes no sense (sic). A process is ongoing, payment has been made, and you are saying, ‘How has this money been utilised?. The money is meant for the project, and it will be paid according to the work done.

Responding to the inspection tour, the former Ebonyi governor described Makinde as “a brother and friend” but said it was improper for him to publicly accuse him of “dancing around” figures.

“I heard that my brother and friend, Governor Makinde of Oyo state, said something about the cost per kilometre. I don’t want to join issues with him. I think he is an engineer, I think he is an electrician, they call it ‘elect-elect’. But this road construction matter, ‘elect-elect no reach there’,” Umahi said.

He continued, “I am his senior both in governance and in engineering practice. So, anything he doesn’t understand, he should call me and ask. I have great respect for him as my friend and brother, but he should withdraw the statement that I’m dancing around. I never danced around. If he insists, he should come for a debate, which is very important.”

Defending the project further, Umahi explained that there was no ambiguity in determining the cost per kilometre, stressing that it must be understood in both estimated and average terms.

“There is no ambiguity in cost per kilometre,” he said. “I am teaching them that cost per kilometre can be divided into estimated cost, which has elements of variance, and average cost, which is definitive. The average cost of a definitive project and the estimated cost are probable elements.”

He explained that the estimated cost includes allowances for contingencies and variation of price, which may not eventually be utilised.

“When the project is completed, and you remove what you didn’t use, such as contingencies and VOP, then you have your actual cost,” he added.

Umahi expressed amusement that some critics had resorted to asking Artificial Intelligence to explain the difference between estimated and average cost, only for the AI’s response to align with his explanation.

“When somebody who is dangling without knowledge goes to ask AI what the difference is between cost per kilometre and average cost, I’m happy that AI told him exactly what I said,” the minister quipped.

He also cited the National Universities Commission’s clarification on who qualifies as a professor, noting that practical experience in the field also counts as expertise.

“I’m happy that the NUC programme on who is a professor also made me right. You can become a professor by the reason of your practice. And I think God has made me one when it comes to practical, field engineering programmes, that’s what it is; you can’t take it back,” Umahi said.

Politics

Enugu Gov Mbah Set to Dump PDP

Published

2 days ago

October 10, 2025

Editor

Enugu State Governor Peter Mbah is set to dump the Peoples Democratic Party, PDP, for the ruling All Progressives Congress, APC, next week.

National Chairman and Deputy National Chairman, South-East, of the APC, Nentawe Goshwe Yilwatda and Emma Eneukwu, respectively, broke the news in Abuja on Friday.

The APC national leadership revealed Mbah’s imminent defection to the ruling party while swearing in the newly inaugurated members of the Enugu State caretaker committee, led by former state chairman, Ben Nwoye, at the party’s national headquarters in Abuja.

The governor is expected to announce his defection at an event schedule to hold in the state next week.

Chairman of the newly inaugurated caretaker committee, Nwoye, who confirmed the development, said the governor will join the ruling party alongside all his appointees.

There are speculations that Taraba State Governor, Agbu Kefas, is also set to join APC.

Politics

Makinde Calls Out Umahi Over Coastal Highway Cost Analysis

Published

2 days ago

October 10, 2025

Editor

Oyo State Governor, Seyi Makinde, has weighed in on the cost of the controversial Lagos-Calabar Coastal Highway project that was approved by President Bola Tinubu.

Makinde, who spoke at an event in a viral video on Friday, said there was no need for the Minister of Works, David Umahi, to be “dancing around the cost” of the project.

The governor was reacting to a heated exchange that unfolded live on television between Umahi and Arise TV presenter Rufai Oseni on Tuesday.

Oseni had requested the minister to analyse the cost of the project, kilometre by kilometre.

The request didn’t sit well with Umahi, who declared himself “professor” of practice in engineering while elaborating that the costs of the road in kilometres are not the same and would be too complicated for the journalist to understand.

He said, “These are elementary questions. And it makes no sense (sic). A process is ongoing, payment has been made, and you are saying, ‘how has this money been utilised?. The money is meant for the project, and it will be paid according to the work done.

“When a certificate is generated, and it is approved through a process in the Ministry of Works, it will then be given to the funders, who will, in turn, check if the works were done. How can you be asking for cost of kilometre? The prices are different. The next kilometre is different from the next kilometre.

“Keep quiet and stop saying what you don’t know. I’m a professor in this field. You don’t understand anything. I understand engineering very well. You have no knowledge of what you ask. You have no knowledge of what you’re asking.”

Oseni, who also refused to back down, responded, “Minister, it’s alright, keep dignifying yourself, and let the world know who you truly are.”

However, justifying the journalist’s question to the minister, Makinde said, “They asked a minister how much is the coastal road is, and then you (Umahi) are dancing around and going to say that no, the next kilometre is different from the next kilometres. Then what is the average cost?

“When we did the Oyo to Iseyin road then, it was about N9.99 billion, almost N10 billion. About 34 or 35 kilometres, average cost is about N238 million per kilometre.

“But when we did Iseyin to Ogbomoso, that was 76 kilometres, it was about N43 billion, average cost is about N500 million per kilometre. And we had two bridges, one over the Ogun river and then one at Ogbomoso end.”

The PUNCH reports that last year, the Federal Government announced the commencement of construction work on the 700km Lagos-Calabar Coastal Highway, which spans nine states and includes two spurs leading to the northern states.

Umahi made the announcement during the official handover of the first phase of the project, made up of 47.47 kilometers of dual carriageway, to Hitech Construction Company Limited, and which is to be constructed in concrete pavement.

This was contained in a statement issued by his Special Adviser (Media), Uchenna Orji.

According to him, the Minister who was in company with the Federal Ministry of Works’ Controller in charge of Lagos State, Mrs O. I. Kesha, emphasised the need for all contractors handling Federal Government’s road projects to deliver within a record time, noting that the government would not allow variation arising from delays or slow pace of work once mobilisation had been done.