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Download or read book Political Party Finances in Nigeria and the United States of America written by Magbuin Kingsley and published by . This book was released on 2020-12-02 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Political parties play key role in representative government by nominating candidates for contest to offices, running governments when they are the ruling party, or holding governments accountable when they are in the opposition. Since the representative democracy began politicians have struggled to develop ways of financing political competition that enhance democratic process without putting at risk key values of democracy. The ability of money to enhance the democratic process has recently dominated discuss at both National and international levels in attempt to regulate political party finance and minimize the use of funds from corrupt sources. This work examined the legal framework for the regulation of political party finances; a comparative study between Nigeria and the United States of America. This work wasmotivated by the need to compare the regulation political party finances in Nigeria and America and suggest possible improvement of the extant legal framework for better regulation of political party finances and development of a good political culture in Nigeria and the United States of America. The research methodology adopted in this research is the doctrinal approach which denotes paying attention to theory as opposed to practice. This work found that the Constitution of the Federal Republic of Nigeria 1999 (as amended) and the Electoral Act 2010 (as amended) are the main laws regulating political party finances in Nigeria.The Tillman Act 1907, Federal Corrupt Practices Act 1910, Federal Election Campaign Act 1971 and the Bipartisan Campaign Reform Act 2002 are the legal framework for regulation political party finances in America. This work also found that the Independent National Electoral Commission is the body that regulates political party finances in Nigeria, the Federal Election Commission is the body that regulate political party finances in America. This work found that the major sources of political party funds in Nigeria are members' dues, contributions from members and borrowing. This work also found that in America, member's dues and contribution from members and non-members of the political party and public funds given to political parties by government are the major sources of funds for political parties. This research also found that the source of income of political parties effects the development of a good political culture. This research recommended the urgently amendment of the Constitution of the federal republic of Nigeria 1999 (as amended) and the Electoral Act 2010 (as amended) to make provisions that political parties shall not sponsor candidates for elections without submitting comprehensive report of compliance to legal framework for regulation of political party finances.This work also recommended that a different body aside the Independent National Electoral Commission called 'Political Party Regulatory Commission' be created for the regulation of political party generally in Nigeria for effective monitoring, tracking, regulation and enforcement of legal framework for regulation political party finances. Lastly, this work also recommended that the Constitution of the United States of America be amended to provide for emergence political party and regulation of political parties finances to harmonies the numerous court rulings on the regulations of political party finances.