The Presidential Candidate of African Action Congress (AAC) Omoyele Sowore,has revealed the breakdown of his party’s campaign expenses within the past three months.
Sowore shared the breakdown on his official Twitter page with a caption “Here is our latest Campaign Account breakdown!”
The three months of campaign spending is for the period of May to August 2022.
The breakdown according to him revealed that it’s party’s campaign bank account balance as of August 31, 2022, stood at N875,696 .
According to him,his campaign activities towards realizing his goal had gulped three millions,two hundred and seventy-three thousands and three hundred and seventy-six naira twenty-eight Kobo(3,273,376.28)
The breakdown highlighted expenditures for the three months as; printing (N650,000), subscriptions (N23,350.50), media logistics (N330,000), and consumables (N20,000).
Others are conveyance (N1,200,750), party activities (N270,000), security (N200,000), maintenance (N40,000), and bank charges (N8,914.57).
The party’s campaign total payments for the three months stood at N2,743,015 and the balance as at August 31 was N875,696.67
He further added that the Net cash flow during the period was N530,361.21 and opening balance for preceeding period as at the time of his tweet was N345,335.46
Meawhile,in 2019, after the presidential election, the AAC presidential campaign organisation had said the party spent N157 million on its campaign activities.
The campaign expenses, according to the party included N37,656,000 for “awareness materials”; N13.5 million on “wages and salaries”, and N55,040,000 for “engagements” across the country such as meetings, concerts, protests, townhall meetings.
However, the new electoral law, Section 91(1)(2) of the Electoral Act, 2022 states that “the maximum election expenses to be incurred by a candidate at a presidential election shall not exceed N5,000,000,000.00.”