Apparently acting on a report by LEADERSHIP on reckless spending by political parties and their candidates, the Independent National Electoral Commission (INEC) has said the election expenses of a candidate must not exceed the limits prescribed in the Electoral Act 2022.
According to the Act, the maximum amount that can be incurred by a candidate for governorship election should not exceed N1 billion, while senatorial and House of Representatives candidates should not exceed N100 million and N70 million in election expenses respectively.
The Electoral Act defines election spending as “expenses incurred by a political party within the period from the date notice is given by the commission to conduct an election up to and including the polling day in respect of the particular election”.
Basically, Section 88 (2) of the act stipulates that the maximum election expenses to be incurred by a candidate at a presidential election should not exceed N5 billion.
“In the case of State…
Source: Leadership Newspaper
