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(1) An election petition shall be presented within twenty-one days after the date of the publication in the Gazette of the result of the election to which it relates, except that a petition questioning an election on an allegation of corrupt practice and specifically alleging a payment of money or other award to have been made by the person whose election is questioned or to have been made on his behalf to his knowledge, may be presented within twenty-one days after the date of the alleged payment.

(2) The presentation of an election petition under subsection (1) shall not be valid unless within the time specified in subsection (1), the petitioner gives ₵20,000 as security for costs.

(3) The time limit provided by this section for the presentation of an election petition shall not be extended.