PDP, APC spent over N11billion on 2015 Presidential election

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PDP – N8,749,685,296
APC – N2, 915,846,737

Nigeria’s ruling All Progressives Congress (APC) and the leading opposition Peoples Democratic Party (PDP) have been indicted for over shooting the N1billion ceiling for Presidential election campaign expenditure as stipulated by the Electoral Act.

According to a report released Tuesday by a civil Society group, Centre for Social Justice (CSJ), the two parties alone cumulatively spent over N11, 665,532,033,00 billion on the just concluded 2015 presidential election.

These revelation forms part of the findings of the report which was borne out of the investigation and monitoring of campaign finance and use of state administrative resources in the 2015 presidential elections, conducted out by CSJ with support from the United States Agency for International Development (USAID) and UKAID.

According to the report, PDP spent about N8,749,685,296.00 billion while APC’s expended about N2,915,846,737.00 billion on the just concluded presidential election. Figures which over shoot the N1billion ceiling for candidates in Presidential election as stipulated by the electoral law by more than N10 billion.

Source: NewTelegraph