DAILY LAW TIPS by Onyekachi Umah,Esq.(Tip 265)
CAN A POLITICAL PARTY HAVE ASSETS OUTSIDE NIGERIA OR RECEIVE FUNDS FROM OUTSIDE NIGERIA.
No political party in Nigeria is allowed to have funds or any assets outside Nigeria. Also, political parties cannot retain funds or assets remitted/transferred to them from outside Nigeria. Where for any reason, any funds or assets is sent from outside Nigeria to a political party, such political party must transfer such to the Independent National Electoral Commission (INEC) within 21 days of receiving such funds.
My authorities are sections 225 (3) (4) and 319 of the Constitution of the Federal Republic of Nigeria, 1999.
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