The Peoples Democratic Party (PDP) last night flexed its financial muscle ahead of next year’s polls as stakeholders poured in money for the prosecution of the elections.

Donors at the fund raising ceremony held in Abuja included the various sectors of the economy, PDP governors, businessmen/women and organizations.

A prominent business woman Bola Shagaya and her friends donated N5billion. An equal amount of N5billion came from friends of Professor Jerry Gana,chairman of the funds raising committee while the 21 PDP governors gave N1.05billion, while those who called themselves friends donated N3 billion.

Other high profile donors were construction sector with N310m, transport N1 billion, real estate N4b, the energy sector-N500million, PDP Rivers State stakeholders-N50million.

Others were food and agriculture N5b, Cifex N10m, power sector N500m , Shelter Development Limited N250m, Emzor N50m, the NDDC governing board N15m, auto sector N450m and PDP youth group N50m.

Present at the event were President Goodluck Jonathan, Vice President Namadi Sambo, Senate President David Mark, House of Representatives Deputy Speaker Emeka Ihedioha, PDP governors, Ministers, PDP National Chairman Adamu Muazu and the Chairman, Board of Trustees of the PDP, Chief Antony Anenih.

The ceremony was still in progress at press time. The huge donation according to the Electoral Act runs foul of the law. Section 221 of the 1999 Constitution prohibits a State Government from contributing to the election expenses of any candidate or aspirant.

The Electoral Act Section 91 (90 of the Code of conduct for Political Parties and Elections limits individual donations and contributions to a maximum of N1m.

Electoral Act, Section 91 of the Act criminalizes contravention of limitation on election expenses. A Presidential Candidate who knowingly contravenes it is liable to a maximum fine of N1, 000,000.00 or imprisonment for a period of12 months or both.


http://thenationonlineng.net/new/naira-rain-pdp-raises-billions-jonathan/

OMG!
Bloody Liar.

This woman called Shagaya is among the cabals under Jonathan govt.Her close relationship to patience Jonathan has earned her billions of dollars.
Stealing of public funds is stil not corruption anyway.
General Buhari did nt spend billions of naira in 2011 and yet he stil had 12 million votes.
Lets wait and see.
Even the Dangotes and Otedolas cant come out openly to donate this time around because they are stil studying the situations on ground.
As a matter of fact,the Dangotes and Otedolas vividly know that there will be a change of govt come 2015.
And they are known to be smart when it comes to political 'calculation'.

PDP has the money to prosecute the election unlike Buhari that plays 419 on Amaechi or banks by taking loan to buy form.

PHCN donated N500million and una dey expect light? That part of the profit from N750/1000 fixed charges.

Una never see anything, if GEJ win 2015 there will be no light and you'll still pay for being in darkness for a month.

21billion in a night? I weep for my country Nigeria. All the donors are sowing their seed now which they know they may reap later. How will Nigeria become better with things like this?

GEJ is becoming more clueless.

Anything dat wud stop GMB from clinching d seat of Presidency is highly acceptable by us.
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Vote GEJ for a continuous transforming Nigeria.
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#GEJ for continuity

Rubbish.

Politicians make me sick.

Datz y d poor can't contezt

OUR MAN!!



GEJ...TILL 2019

Why raise funds when you can take a loan without collateral. Anyway, how much ARTHUR EZE donate.

Bring it on

Wow!!! There you have it, the president of the country cheering people on as the break the law in broad day light!!!

Something is critically wrong with us as a people. I wonder if INEC can bring the full weight of the law to bear on those donor. Oh, I forgot, the donations are to Okupe's Jesus. Aint nothing anyone can do about it!!!

Day after day, act after act, this regime keeps giving Nigerians reasons why at this juncture they simply can't pass up Buhari!! Events like this are the reason why some bigwigs in the political class would fight tooth and nail to ensure a Buhari's presidency never sees the light of day.

If Jonathan Had Done the Needful, He doesn't need a dime for Campaign or Reelection

Raising money to enhance is quick relocation back to Otuoke.

In Warfare...you dont always have to attack..just sit back and watch your opponent defeat himself. Why would C in C take advise to attend this illegal event?

*singing*.....Speechless! Speechless!! That's how you make me feel

It doesn't matter

Ogororo master,Sha spent this money wisely because i dey sure na your pension dem dey contribute give you so.

.

And some Nigerians can't even feed, living below #100 per day. #whichwaynigeria

Very funny.....
Donating billions like say no be our money dem dey donate give their self's.
Do you know hw many areas 500 million can provide light 4 in nigeria? Yet dem carry d money give jonah !!

Jail 4 all of u if GMB Assumes office

GEJ must be reelected next year if there will be one entity called Nigeria

What exactly is all this money for? In any case the vast proportion of it comes from governments treasury.

After all Stealing is no corruption according to Jonathan.

I would chop their money and still vote for better candidate

Where is the EFCC when you need them

Donating for HIS relocation back to THE LAND OF OTUOKE.

Clueless as ever. Wat do u expect frm a president who doesnt give a damn.

They will still lose the election with their billions IJN Amen. As for electoral contravention this is lawless govt,there is nothing INEC can do.

Thieves trying hard to secure their looting source. They all shall fail Insha Allah.. Ya Allah, pls never make dem succeed with their evil deed.

Sai buhari!