Politics
Why Political Parties’ Audited Accounts Haven’t Been Published Since 2016 –INEC
Published
3 years agoon
By
Editor
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.
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“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.
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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.
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Politics
LP Candidate Warns Of Plot To Disrupt Lagos LG Poll
Published
1 day agoon
July 10, 2025By
Editor
The Labour Party, LP, chairmanship candidate for Amuwo-Odofin Local Government Area, Engr. Seyi Ipinlaye, has raised concerns over alleged plans by certain individuals to incite violence and disrupt the upcoming Lagos State local government elections scheduled for Saturday, July 12, 2025.
In a statement made available to journalists, Ipinlaye warned of attempts to replicate the “ugly menace” of the 2023 general elections, which he described as being marred by threats, ballot box snatching, and voter intimidation.
Ipinlaye called on the Lagos State Independent Electoral Commission, LAISEC, to ensure a free and fair election, urging law enforcement agencies to be proactive in preventing possible violence and protecting voters in Amuwo-Odofin.
“We are already seeing signs of desperation as Labour Party campaign posters and banners are being torn and defaced. If this continues unchecked, it may lead to voter suppression and possible anarchy,” he said.
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Recalling LP’s victories in the 2023 general elections in both state and federal constituencies in Amuwo-Odofin, Ipinlaye expressed confidence in the party’s support base, warning that any attempts to manipulate the outcome could backfire.
He also appealed to Governor Babajide Sanwo-Olu and the Lagos State government to resist any interference in the electoral process, urging them to promote peace and transparency.
“We want the votes in Amuwo-Odofin to count, just like in Abia State where the governor allowed free and fair LGA elections without interference,” he said.
Ipinlaye concluded by calling on security agencies to remain neutral and act professionally before, during, and after the election to safeguard lives and property.

Protesters under the aegis of the Nigeria Society for Democracy and Good Governance (NSDGG) and the Coalition of Civil Society for Justice and Equity (CCSJE) took to the streets of Abuja on Wednesday, demanding that the Federal Government enforce court judgments declaring the occupation of Local Government Council Secretariats in Osun State by All Progressives Congress (APC) officials as illegal.
The protest, which began at the Unity Fountain and proceeded to the offices of the Attorney General of the Federation and the Minister of Finance, highlighted the escalating tension over the alleged disregard for judicial authority and its threat to democratic governance.
The civil society organisations urged the Attorney General, Mr Lateef Fagbemi (SAN), and the Minister of Finance to intervene by recognising and funding only the duly elected officials of the Peoples Democratic Party (PDP).
According to the protesters, the PDP Chairmen and Councillors were validly elected on 22 February 2025, in an election conducted by the Osun State Independent Electoral Commission (OSSIEC), in line with the Electoral Act 2022.
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However, despite court rulings voiding the appointments of APC officials, the party’s functionaries allegedly continue to occupy council offices across the state.
Speaking to journalists during the protest, Chairman of the CCSJE, Comrade Collins Idowu, described the situation as a ‘profound threat’ to the rule of law and democratic governance.
He emphasised the financial and constitutional dangers of the ongoing crisis, calling on the Minister of Finance to withhold further allocations to illegally occupying APC officials and instead channel funds to the duly elected PDP Chairmen and Councillors.
“The current situation in Osun State is not merely a political issue; it is a profound threat to the rule of law and democratic governance.
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“Despite clear court judgments that have invalidated the APC officials’ claims to their positions, they continue to occupy Local Government Council Secretariats, undermining the very foundation of our democracy. This blatant disregard for judicial authority and electoral integrity is alarming and poses significant financial implications for the state and its citizens,” Idowu said.
On his part, the spokesperson for the NSDGG, Ambassador Usman Saidu Calculus, also described the situation as a threat to democracy.
He warned that continued financial support to those without a legal mandate sets a dangerous precedent and may trigger instability and chaos at the grassroots level of governance.
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“The NSDGG stands firm in its commitment to promoting democracy and good governance in Nigeria, and we believe that your actions in this matter will reflect the government’s dedication to upholding the rule of law and the principles of democracy.
“We demand that the government act decisively to rectify this situation by recognising the rightful representatives of the people and ensuring that public funds are allocated accordingly. The citizens of Osun State deserve to have their voices heard and their choices respected,” he said.
The protesters submitted letters to the offices of the Attorney General and the Minister of Finance, demanding strict adherence to the rule of law and the full implementation of valid court rulings.

The Protem State Chairman of the African Democratic Congress, ADC, in Benue State, Chief Terngu Tsegba, has said Governor Hyacinth Alia is welcome to join the party if he so desires.
Speaking to newsmen Wednesday in Makurdi shortly after the unveiling of the party and his emergence as the Protem State Chairman, Chief Tsegba stated that members of other political parties were already collapsing their structures into the ADC and more were being expected.
He said: “Members of other parties are collapsing into the ADC, and anybody from any party that wants to join the ADC is welcome,e including the Governor of Benue state. If he wants to join the ADC, he is welcome provided he satisfies the requirements of the party.”
The former chieftain of the Peoples Democratic Party, PDP, and Speaker Pro tempore of the House of Representatives explained that they had already resigned their membership of the PDP and were in the ADC to change the fortunes of the people of the state and Nigerians at large.
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While expressing optimism that the ADC would take Benue State, Chief Tsegba said an ADC-led government in the state would frontally address the issues of insecurity in the state.
“For us in Benue state, if there is security,y the farmers can go to their farms, small businesses will thrive, and of course, everything will go as planned. So the first issue we are going to confront as a party and as a government is to arrest the insecurity in the state, return our people to their ancestral homes and then grant autonomy to local governments.
“If the Local Government are receiving their allocation directly from the Federal Government I believe most of the things the state cannot do at the local government level, the Local governments would be able to handle them.
“And to do that we will scrap the Bureau for Local Governments and return the allocation to the local governments.”
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Unveiling the party earlier, former Governor of the State, Senator Gabriel Suswam stated that the coalition was born out of necessity, as the PDP, APC, Labour Party, LP, and other parties had been plagued by perpetual internal crises prompting the coming together of like minds in the ADC.
Meanwhile the PDP has described its members who joined the ADC as nomadic politicians seeking to destabilise the PDP for personal gains.
The party in a communique at the end of its Benue North West Senatorial District or Zone ‘B’ Stakeholders meeting held in Makurdi cautioned its members against joining any coalition.
Part of the communique read: “On the excitement over the new political platform, the PDP leaders describe former members of the party who have joined the coalition as an assemblage of nomadic politicians who are only seeking to destabilize the party for their personal and political gains.
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“They are aggrieved because they were out manoeuvred when they attempted to seize the structures of the PDP for merchandise. They have no capacity to rescue anyone from anywhere. It is a truism that the PDP remains the only party committed to protecting our heritage, land, and people.
“For the avoidance of doubt, the PDP in Zone B remains one and indivisible and rooted in the ideals of our founding fathers. We have no dealing with any coalition or the purported new political party in the name of ADC.
“We are not in any coalition with any political party or parties. We therefore encourage our members to disregard any speculations of any coalition at any level. Those championing the coalition are the disgruntled and self-serving elements amongst us who have long enjoyed the support of PDP but now seek to undermine the party’s unity and progress.”
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