APC, PDP spent combined N7.7bn on 2015 elections - Audits reveals

APC, PDP spent combined N7.7bn on 2015 elections - Audits reveals

The All Progressives Congress (APC) and the Peoples Democratic Party (PDP) have reported that they both spent a little below N8 billion in the 2015 general elections.

According to Premium Times the APC claimed it spent only N2.9 billion while the then ruling party, PDP, said it spent N4.8 billion for the polls.

As requested by law, the details are contained in the parties’ audited reports submitted to the Independent National Electoral Commission (INEC).

According to the report, the two parties admitted to spending more than the amount generated in 2015. They however said the deficit was covered by 2014 surpluses.

The APC said it generated only N604.5 million in 2015, but spent N2.9 billion, leaving a deficit of N2.3 billion. Its income was derived from the sale of nomination forms and donation/gifts.

The party generated N329.5 million in nomination forms and donations and gifts brought in N275 million.

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It also named some fixed assets it acquired. The assets are: “office equipment at N5.1 million, APC Data Centre equipment at N300,000, furniture and fittings at N6.8 million, motor vehicles at N20 million and library books at N3.4 million totaling about N35.8 million.”

According to the PDP, it earned only N799 million in 2015, but spent N9.53 billion leaving a deficit of N8.7 billion.

The party made N200 million from donations and N599.2 million from other income. The party’s income was spent on administration, election, national secretariat and financial expenses. The party spent N1.7 billion on administration, N4.8 billion went to election, N2.8 was for national secretariat and N54 million for financial expenses.

The party had a surplus in 2014, when it earned N13 billion and spent N3.6 billion.

Meanwhile, a member of the APC BoT, Alhaji Kawu Baraje, warned that there is a looming crisis in the ruling party, if its leadership fails to address certain issues bugging the party.

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Baraje, who recently wrote a warning letter to the APC leadership, on behalf of members of the defunct new Peoples Democratic Party (nPDP) cited the recent parallel congresses in the party as one that portends danger for the ruling party.

I have counted about 21 states where we had parallel congresses. My number may not be sacrosanct. But I counted 21 states and I was asking myself, how many states does APC control? You can imagine that," he said.

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Source: Naija.ng

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