Section 224, 225 and 226 of the 1999 Constitution: Publication of Assets and Liabilities of Political Parties and Submission of Report of Account of Political Parties to the National Assembly

Political Parties

The 1999 Constitution

Section 224

The programme as well as the aims and objects of a political party shall conform with the provisions of
Chapter II of this Constitution.

(The aims & objectives of the political party must be in compliance with Chapter II of this constitution.)


Section 225 (1)

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.

(Every such political party shall publish a statement of its assets & liabilities in such a time & manner that INEC deems fit.)


Section 225 (2)

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.

(Every political party under this section shall submit its detailed annual statement, an analysis of its sources of funds i.e. where is it getting funding to carry out its day to day activities & assets as well as an analysis of its expenditure to the Independent National Electoral Commission (INEC).)


Section 225 (3)

No political party shall –

(No political party is allowed to do the following; )


Section 225 (3)(a)

hold or possess any funds or other assets outside Nigeria; or

(No political party under this section shall hold monies or other assets outside Nigeria. (This is to prevent foreign interference))


Section 225 (3)(b)

be entitled to retain any funds or assets remitted or sent to it from outside Nigeria.

(No political party under this section shall keep any monies or assets sent to it from outside Nigeria.)


Section 225 (4)

Any funds or other assets remitted or sent to a political party from outside Nigeria shall be paid over or
transferred to the Commission within twenty-one days of its receipt with such information as the Commission may require.

(Any monies or assets sent to any political party outside Nigeria shall be transferred to INEC within 21 days of receiving such. The political party shall also provide INEC with any information it requires with respect to such monies or assets.)


Section 225 (5)

The Commission shall have power to give directions to political parties regarding the books or records of
financial transactions which they shall keep and, to examine all such books and records.

(INEC shall have a supervisory power over the financial records and transactions of all political parties under this section.)


Section 225 (6)

The powers conferred on the Commission under subsection (4) of this section may be exercised by it through any member of its staff or any person who is an auditor by profession, and who is not a member of a political party.

(This supervisory power shall be exercised by staff of INEC or any auditor who is not a member of any political party (under this section))


Section 226 (1)

The Independent National Electoral commission, shall in every year prepare and submit to the National
Assembly a report on the accounts and balance sheet of every political party.

(The INEC shall prepare a report of its accounts and balance sheet annually of every political party in Nigeria and such report shall be submitted to the National Assembly.)


Section 226 (2)

It shall be the duty of the commission, in preparing its report under this section, to carry out such
investigations as will enable it to form an opinion as to whether proper books of accounts and proper records have been kept by any political party, and if the Commission is of the opinion that proper books of accounts have not been kept by a political party, the Commission shall so report.

(The INEC in submitting its annual report to the National Assembly, shall carry out such investigations to help it decide whether proper records have been kept by political parties & if it deems it otherwise, such shall be submitted to the National Assembly in the form of a report.)


Section 226 (3)

Every member of the Commission or its duly authorised agent shall –

(Every member or an authorised agent of INEC has the power and right to; )


Section 226 (3)(a)

have a right of access at all times to the books and accounts and vouchers of all political parties; and

(Every staff of INEC or people authorised by INEC shall have a right of access to the books, accounts & vouchers of all political parties.)


Section 226 (3)(b)

be entitled to require from the officers of the political party such information and explanation which to the best of his knowledge and belief are necessary for the purposes of the investigation, the Commission shall state that fact in its report.

(Such a staff or person authorised by INEC shall be empowered to demand, from the principal officers of any political party, any information necessary for the purposes of investigation and INEC is to state such fact in their report to the National Assembly.)


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