Nigeria: Audited Accounts - INEC Indicts PDP, CPC, 53 Others

20 February 2013

THE Independent National Electoral Commission, INEC, has indicted the ruling Peoples Democratic Party, PDP, and other political parties for not having audited internal financial statements.

According to INEC's executive summary of external auditors' reports on the accounts of political parties for the year 2011, signed by Acting Secretary, Mr Mustapha M. Kuta, 55 of the parties in existence then did not have prepared and audited accounts; and conventional books of accounts were not properly kept as required by Section 93 (2) of the Electoral Act, 2010.

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