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N3.5bn Accusation: Obi says Labour Party Will Hire Independent Auditor For Accounts
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…N744.5m spent on litigation after 2023 general elections
By Gloria Ikibah
Amid the fresh crisis rocking the Labour Party over the sale of forms and fundraising activities for the 2023 General Elections, the Presidential Candidate of the party, H.E Peter Obi has said that an independent audit firm will audit the accounts of the party.
Obi stated this in Abuja on Thursday at a press briefing organised by the Obi/Baba-Ahmed Campaign Group to present the report of its fundraising during the 2023 General elections.
He stated that the allegations and counter allegations in the party must be thoroughly investigated and reconciled
He stated: ‘There has been all sorts of comments and allegations, like one of the people said about $150 million, let me categorically state it that all the funds received directly or indirectly from the diaspora is not up to 1 percent of the money mentioned, and this, some of it is changed and given to Aisha.
“We were actually going to go to the various people who supported us in diaspora to say thank you and tell them what was realised. And we are also going to put an information out there that whoever knows where funds were supposed to have been remitted to help us trace and get back. But know that people are claiming we receive 150 million dollars and I state here, we haven’t seen 1 percent and I stand here to dispute and prove that.
Responding to questions on the many allegations at the party level, the National Chairman of LP, Julius Abure been called by the party’s National Treasurer, Oluchi Opara, to account for N3 5bn raised from sale of forms and fundraising activities before and during the General elections. Obi said the party will give a transparent account of funds realised during the campaign process.
“What we are doing today is distinct and completely separate from the party and the party fund. We are just dealing with Obi-Datti campaign funds and I ahve told everybody if what ever we received directly, indirectly will be accounted for transparently. For the party, I am a member of the party and they have chosen to say I am the leader.
“What we need to do in the party and I discussed it with the leadership, is that we must now appoint a reputable audit firm to audit and be able to deal with the accounting of the party. When I am involve in anywhere money is, it must be transparent.
“So there is the allegation and counter allegation now that must be thoroughly investigated and verified,and we will reconcile it and know exactly what we are doing. Within here is accounting for the campaign and I am using the opportunity also to appeal to the various support groups or individuals and parties that received some form of funding to support what we are doing, which we are very grateful to account to those they received it from. Because there are some people who supported some supported groups, there some people even abroad who collected money and said they are going to use it to work in the North and everything. We were not stringent that anything you collect must come to us but we want whatever is collected to be accounted for. That’s why we appeal to the public, if you think this happened here and everything,let us know”, Obi stated.
Briefing newsmen on the aftermath of the 2023 elections after the Independent National Electoral Commission (INEC) declared the then All Progressives Congress (INEC) candidate Bola Tinubu as the winner of the election.
Chairman of the Fundraising Team of the Campaign Organisation, Aisha Yesufu, said that the LP went to court as lawyers were hired to pursue legal cases from the Presidential Election Petitions Tribunal (PEPT) all through the Supreme Court.
She disclosed that the campaign Organisation spent over N744,500,000 in litigation in courts over the 2023 presidential election.
The Chairman of the Fundraising Team of the Campaign Organisation, Aisha Yesufu, who disclosed this, also stated that the LP received donations totalling N595,976,994.00 from Nigerians.
“Accountability and transparency are very critical and important; that is why we asked people to donate so that we could come back to them to explain how their money was judiciously used.
“We thank everyone who donated in cash and kindness. From the donations from citizens, we received N595,976,994. This is the money we raised from the four accounts that we have talked about. We also received N8,000,00.00 from the candidate himself (Peter Obi),” she said.
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Edo South Senatorial District: Massive endorsement of Ogbeide-Ihama as APC sole candidate for 2027 (Video)
The coast is now clear as Edo South APC formally endorse seasoned lawmaker, Hon Omorgie Ogbeide-Ihama as sole candidate of the District in 2027.
The massive adoption was led by the Deputy Governor of Edo State, Hon Denis Idahosa confirming the fact that no room for any aspirant from the district.
Watch:
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Netizens ask World Bank to stop borrowing TInubu money over reported $1.25 bn Loan Plan
Nigerians have taken to social media to express outrage and concern following reports of a proposed $1.25 billion loan linked to the administration of , sparking intense debate over the country’s rising debt profile and economic direction.
The reactions, which trended heavily on X, formerly known as Twitter, saw users storming the comment sections of the with mixed opinions on Nigeria’s continued borrowing and fiscal management.
Many commenters strongly opposed the reported loan move, arguing that additional borrowing would worsen economic hardship and deepen the country’s debt burden.
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Some of the reactions included:
@yengoblog9ja: “Don’t borrow Tinubu’s money again they want to finish Nigerians ooh”
@captbobyi01: “Please do not borrow @officialasiwajubat any loan, I repeat do not borrow Tinubu and his son any money.”
@realkingdavid: “Please 🙏 don’t borrow Tinubu’s loan again please he is using the money to kill us in the country 🇳🇬”
@pr_eci0us2291: “Please stop borrowing our president.”
Others criticised government spending priorities and questioned accountability in public finance management.
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@BIG_Mayana7: “They should not borrow his a s s any loans again, they are using the money to buy expensive vehicles for themselves.”
@Marjix_: “If we had responsible leaders… revenue from taxes and subsidy removal would develop the nation.”
Some users, however, argued that borrowing is a standard economic practice globally and should not automatically be condemned.
@GloryUyimse: “The world runs on DEBT and no bank wants you to repay your loans.”
@cossyb: “If they stop World Bank from borrowing… We’ll pay it ourselves for free… abeg make una allow them borrow o.”
Others blamed leadership failures and governance issues rather than the loans themselves.
@Shayolala: “Find out who they are na dem dem… yet they can’t hold their so-called failed leaders accountable.”
@NigIsland: “A man who refuses to mend his roof in the rain will not decide the weather by shouting at the clouds.”
The online reactions reflect growing public sensitivity over Nigeria’s debt situation amid ongoing economic reforms, inflationary pressures, and concerns over living costs under the current administration.
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Wike Hails Quality of Abuja Road Projects
Minister of the Federal Capital Territory (FCT), Barr. Nyesom Wike, has expressed satisfaction with the pace and quality of ongoing road projects across Abuja, saying residents can now “see governance in action.”
Wike spoke on Wednesday while inspecting ongoing infrastructure projects in Karu, Apo-Karshi and Gbazango, popularly known as Arab Road in Kubwa.
The minister commended contractors handling the various projects, particularly local construction firm Abdul Val and Zeberced, for delivering quality work within schedule.
“With what we have seen today, right from the roads in Karu down to Apo-Karshi and now to Gbazango, which is popularly called Arab Road in Kubwa, we are very satisfied with the level of work that has taken place,” Wike said.
He praised Abdul Val for the quality of work on the Karu road project, noting that the company had earlier delivered the Ushafa road project commissioned last year by President Bola Ahmed Tinubu through Vice President Kashim Shettima.
“I’m quite impressed. This is the second time. If you remember, the Ushafa road commissioned last year was also carried out by Abdul Val, and they are doing the one in Karu now. They are doing a good quality job,” he stated.
According to him, the Karu road project will be among projects slated for inauguration during President Tinubu’s third anniversary in office.
Speaking on the Apo-Karshi road being handled by SCC, Wike described it as a critical project frequently demanded by residents, expressing optimism that it would be completed before the end of the year.
He also commended Zeberced for the ongoing Gbazango road project, which he said would also be inaugurated during the President’s third anniversary celebrations.
“If you remember, this company handled the A2 to Pai road commissioned by Mr. President last year. They are also handling the Goma to Yangoji road, which will also be inaugurated during the third anniversary,” he said.
“You can see the quality of work. You can see how happy the residents are seeing us here. Without invitation, they came out to appreciate the fact that they can now see governance in action.”
Wike stressed that beyond quality delivery, meeting project timelines remained equally important.
“One thing is doing a quality job, another thing is keeping to timeline. I’m very happy. I think the President’s third anniversary will be full of activities,” he added.
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