The Independent National Electoral Commission has said it is illegal for any political party to receive funds from foreign countries.
INEC National Commissioner, Festus Okoye, made this revelation when he appeared on Channels TV Politics Today on Friday.
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,” 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,” Okoye added.
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