The ban on the young opposition leader will last for 15 years, according to a statement made by state comptroller Elvis Amoroso.
Amoroso, an appointee of President Nicolas Maduro, made the announcement Thursday on state broadcaster VTV. He claimed there were inconsistencies in Guaido's personal financial disclosures and accused him of accepting gifts from foreign governments.
Amoroso said Guaido had been staying in "luxurious hotels" without "justifying who was financing his exuberant accommodations" both in Venezuela and abroad. Guaido has not yet publicly responded to the allegations.
Guaido was named leader of the country's National Assembly in January this year, after being elected as a representative for the state of Vargas in 2016. He has since been recognized as Venezuela's legitimate interim president by more than 50 countries, including the United States.
This is not the first time the Maduro government had banned an opposition leader from running for office. A similar sanction was imposed over former opposition leader Henrique Capriles in 2017.
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