Section 86 Nigerian Electoral Act

Section 86 Electoral Act 2022 is about Period to be covered by annual statement. It is under Part V (Political Parties) of the Act.

(1) Every political party shall submit to the Commission a detailed annual statement of assets and
liabilities and analysis of its sources of funds and other assets, together with statement of its expenditure
including hard and soft copy of its list of members or in such a form as the Commission may require.

(2) Any official of the political party who contravenes subsection (1) commits an offence and is liable to a
fine of N1,000,000 or imprisonment for a term of six months or both.

(3) A political party shall grant to any officer authorised in writing by the Commission, access to examine
the records and audited accounts kept by the political party in accordance with the provisions of this Act
and the political party shall give to the officer all such information as may be requested in relation to all
contributions received by or on behalf of the party.

(4) The Commission shall publish the report on such examinations and audit in two national newspapers
and Commission’s website within 30 days of receipt of the results.