The speaker of the House of Representatives, Hon. Tajudeen Abbas, has warned that wealthy individuals are turning political parties into personal investments, undermining the democratic process.

Speaking at a technical workshop on the Political Parties Bill (HB1862) in Abuja, Abbas highlighted the absence of ideological foundations in Nigerian political parties, describing them as vehicles for power control rather than democratic institutions.

The workshop, organised by Yiaga Africa and The Kukah Centre with funding from the European Union, focused on addressing gaps in political party regulation.

Represented by Hon Ishaya David Lalu, Abbas stressed that democracy cannot thrive without internal democratic processes for candidate selection.

“In Nigeria, political parties are not founded on any principle or ideology,” he said, noting that they often serve as platforms for power-sharing among elites rather than promoting public interest.

The proposed Political Parties Bill aims to enhance transparency and accountability by establishing an independent body to regulate party activities, including campaign financing.

Abbas argued that such measures would curb the influence of “moneybags” who hijack parties or impose candidates during elections.

He cited the United States’ Federal Election Commission and the United Kingdom’s Electoral Commission as models for effective regulation, contrasting them with Nigeria’s current system, where the Independent Electoral Commission (INEC) lacks robust legislative backing to oversee party funding.

In his welcome remarks, Hon. Zakari Dauda Nyampa, chairman of the House Committee on Political Matters, echoed Abbas’ concerns, noting that unregulated primaries often lead to crises within parties.

“This bill is key to ensuring accountability, transparency, and proper regulation of political party funding,” he said, underscoring its importance for Nigeria’s evolving democracy.

In his goodwill message, Samson Itodo, executive director of Yiaga Africa, emphasised Nigeria’s strategic importance in African politics and warned that weak political parties undermine democracy.

“Our parties are built around individuals, not institutions, making them easily captured,” Itodo said, advocating for stronger systems to ensure ideological coherence and public participation.

Also at the event, Alhaji Yusuf Dantalle, national chairman of the Inter-Party Advisory Council (IPAC), called for greater public engagement with the bill, noting that it has yet to be uploaded online for scrutiny.

He stressed the need for stakeholders to thoroughly assess the legislation to ensure it reflects citizens’ aspirations. IPAC plans to convene a General Assembly to discuss the bill and present its position to the National Assembly.

On his part, Fr. Atta Barkindo, executive director of The Kukah Centre, described the bill as a timely opportunity to strengthen internal democracy and institutionalise overdue reforms.

“The quality of political party operations directly impacts the integrity of our elections,” he said.