A civil society organization, Centre for Social Justice (CENSOJ), has alleged that the two leading political parties in the country, The Peoples Democratic Party (PDP) and The All Progressives Congress (APC), spent a whooping sum on campaign publicity in their quest for victory come March 28.
According to the organization, both parties are violating the provisions of the Electoral Act in campaign funding.
It said the parties have so far spent N4.9 billion on publicity thereby exceeding the maximum, recommended by the Act.
Section 91 (2) of the Electoral Act states that the maximum election expenses to be incurred by a candidate at a presidential election shall be N1 billion while subsection 3 says a governorship candidate shall spend a maximum of N200,000,000.
The Act also says the offenders shall be liable to a fine of N1 million or imprisonment of 12 months or both in the case of a presidential candidate.
The Lead Director of CENSOJ, Eze Onyekpere, said at a press conference held on Monday, March 9, that the two parties who are fielding the two frontline candidates, Goodluck Jonathan and Muhammadu Buhari, have spent more than what the Act provided in selling the candidates.
Mr. Eze revealed that the PDP used N3.5 billion on publicity between December last year and February this year while the APC spent N1.42 billion during the same period.
According to Mr. Eze, the APC spent N332 million in the newspapers to campaign for Mr. Buhari and another N1.09 billion in other media outlets.
While the PDP on its part, spent N1.05 billion in the print media to promote Mr. Jonathan and another N2.5 billion in other media outlets.
He said: “Although, declining oil prices contributed to Nigeria’s deteriorating macro-economic fundamentals, the coincidence of campaign spending and the acceleration of the deterioration brings to the fore the inextricable link between election spending and the health of the economy
“With the attention shifted from governance and a lot of expenditure on campaigns, the state of the economy in terms of depreciating exchange rate, inflation and reduced economic growth are bound to occur.”
The CENSOJ Lead Director however urged the Independent National Electoral Commission and the security agencies to caution the two major parties.
| Posted: at | |
zeigbo
odegbalegu
malamy
maxzy277
victorstic1
dareper
sweetestdude
echeeche
ficull
PoliticxGuru
TRENDING GISTS 
EFCC Boss, Olukoyede Faces Visa Ban Threat Over Yahaya Bello's Case
Moses Bliss Reacts After A Troll Bashes Him For Allowing His Wife Preach Whenever They Go For Events
Manchester United v Arsenal: English Premier League Match,Team News,Goal Scorers and Stats
Your First Salary Belong To Your Father For His Blessings Not to Your Pastor - Kanayo O. Kanayo
JUST IN! Gov. Fubara Relocates Rivers Assembly Sitting To Government House
9yr Old Boy Stabs His 10yr Old Classmate to Death on Their Home From School