NDC Reports N8.5bn Income and N2.4bn Spending

The Nigeria Democratic Congress (NDC) disclosed its financial performance at a National Executive Committee (NEC) meeting in Abuja, revealing it generated N8.529 billion from nomination forms, membership dues, levies, and contributions within its first seven months. The party spent N2.402 billion on primaries, publicity, staff salaries, and other activities.

National Chairman Senator Moses Cleopas stated that this financial disclosure aimed to promote transparency and accountability ahead of the party's first anniversary. He emphasized that members have the right to know how funds are managed and that the decision to disclose was not due to social media criticisms but a commitment to responsible leadership.

Cleopas noted the importance of accountability in leadership, particularly regarding public funds. The NDC plans to submit its audited financial statement to the relevant institutions at the end of the reporting period.

The financial management committee includes the national chairman, national secretary, financial secretary, treasurer, and auditor, with the legal adviser co-opted as needed.