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Nigerian Companies and the Prohibition on Political Donations: A Paradigmatic Shift as a Panacea for Compliance

Democratic rule is generally acclaimed as a better form of governance, but its operation does not appear to come cheap.This is especially so in Nigeria where new democratic dispensations are heralded by expensive electioneering campaigns.The funds for these campaigns are sourced from willing donors or through subtle coercion.Corporate organizations are easy prey to politicians.This paper is provoked by the frequency and blatancy with which corporate organizations in Nigeria donate to political parties and for political purposes without any sanctions despite the unambiguous prohibition in S.38 …

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