The Independent National Electoral Commission (INEC) has said it will sanction presidential aspirants that spend above N1billion on campaign saying it has taken measures to track campaign expenditure incurred by political parties.
The Chief Press Secretary to the INEC chairman, Kayode Idowu, stated this on Monday in Abuja in an interview with journalists following the lifting of the ban on election campaigns.
"According to section 91 of the Electoral Act, 2010 as amended, the maximum expenses to be incurred by a candidate at a presidential election shall be N1billion; for governorship, it is N200million and the act also stipulated sanctions for candidate who flaunted the campaign spending limits.
"The sanction for presidential election is N1million or 12 months imprisonment or both and for governor, N800,000 or nine months or both."
NAN reports that in line with the electoral timetable released by INEC, presidential and National Assembly aspirants of political parties are allowed to commence campaign from November 16.
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