Details of the audit report by the Independent National Electoral Commission (INEC) on the registered political parties showed that the commission is not happy with the parties for not disclosing the actual amount spent during the 2011 genera election.
It was gathered that most of the parties under declared the amount of money they used to prosecute the general election, especially the presidential election. Though, It was a common knowledge that all the major political parties that participated in the 2011 elections spent huge sums during electioneering campaign but the amount they spent appears not reflected in the audited accounts of the parties, especially the five major parties; the Peoples Democratic Party (PDP), All Nigerian Peoples Party (ANPP), Congress for Progressive Change (CPC) and the Action Congress of Nigeria (ACN).
For instance, the audit report said that the PDP claimed that the sum of N647, 410, 514 was generated in the 2011 election year, but it spent more than what it generated. N4, 325, 209, 555.