NewsExpress banner First Bank Fashion Souk Fidelity bank card banner Umm Sulaim's Thoughts Camano banner

NASS pegs presidential election expenses at N5bn

By Fred Itua, Abuja on 24/10/2018

Gmail icon

Views: 511

•Senate, during plenary session
•Senate, during plenary session

The senate yesterday passed the rejigged Electoral Act Amendment Bill and restricted election expenses of any presidential candidate to a maximum of N5 billion.

Similarly, they tinkered with the election expenses for governorship candidates, and pegged it at N1 billion, while senatorial candidates are to limit their expenses to N250 million.

Adopting a report submitted by its committee on INEC, the senate approved the amendment of section 91 of the Electoral Act 2010 restricting the election expenses for House of Representatives candidate at N100 million; House of Assembly candidate, N30 million; chairmanship of area council, N30 million while the councilorship candidate must not spend over N5 million.

According to the latest amendment, no individual or other entity shall donate N10 million to a candidate just as section 91(10) stipulates that “a candidate who knowingly acts in contravention of this section, commits an offence and is liable on conviction toafineofoneonepercent of the amount permitted
as the limit of campaign expenditure under this Act or imprisonment for a term not exceeding 12 months or both.”

President Muhammadu Buhari had previously rejected the Bill three times, citing “loopholes” in some of the sections of the amendments Bill.

President of the Senate, Bukola Saraki, shortly after the approval of the Amendment Bill, hailed the committee.

•Excerpted from Daily Sun report

Source News Express

Posted 24/10/2018 12:40:06 PM

 

 

CLASSIFIED ADS

 

You may also like...
Nigerian Institute of Public Relations opens study centre...

Senate cries out over daily loss of 2,300...

Miracle boy who ran away from home survives...

Dramatic encounter as man bravely battles kidnapper in...

Pastor impregnates teenage girl during ‘deliverance’

IGP plans 31,000 annual recruits into force for...

One-legged robber leads deadly gang ‘highly connected to...

Pandemonium in Osun as police clashes with mob...

We'll win all supplementary governorship polls — PDP...

As Otti returns to the turf, By Chima...

Afe Babalola Expo set to empower farmers, create...

Intervene in Kogi House of Assembly crisis, Buhari,...

 

Latest News Attack at NASS: My life in danger — NPA MD, Bala Usman, cries out •Petitions IGP, DSS on safety UPDATED: Commotion inside Abuja courtroom as DSS re-arrests Sowore Reps wade into Oraifite killings Pirates shut down Delta creeks, rape women N7.2bn fraud: Orji Kalu to file stay of execution, bail applications N-Power: FG assures payment of arrears December 20 Strike looms in Ogun over minimum wage Why I resigned as Plateau PDP chair — Sango FIRS fails to remit N23 billion tax refund to FG: Audit Report Edo Assembly: We’ll obey lawful resolution on 14 members-elect — INEC Bayelsa Transition Committee not meant to probe Dickson — Lyon Commission lauds psychiatric hospital for innovation in tackling challenges

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (569,049 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (455,301 views) Shameless Genevieve Nnaji exposes breasts in public (405,090 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (339,848 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (306,626 views) 10 cars more expensive than Jets (290,274 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (260,655 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (259,428 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (240,882 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (227,390 views) Lagos plane crash: Journalist releases victims’ names (203,285 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (199,763 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (111) Business & Economy (4,613) Business Verdict (89) Columnists (1,155) Complaints & Requests (97) Enterprise & Opportunities (219) Entertainment (715) Features (852) Global Business Monitor (497) ICT Monitor (72) International (4,300) Interview (216) Live Commentary (30) Love Matters (177) Maggie's Blog (510) News (54,887) Opinion (1,435) Pidgin (18) Politics (11,849) Religion (1,130) Sports (2,243) Stock Watch (40) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera