News
N3.5bn Accusation: Obi says Labour Party Will Hire Independent Auditor For Accounts
…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.
News
Bill For Independent Candidacy Recommitted, Referred To Constitution Review Committee
News
Just in :INEC announces date for Anambra governorship election
By Kayode Sanni-Arewa
The Independent National Electoral Commission (INEC) has fixed the date for the Anambra governorship election.
Addressing representatives of political parties at the INEC headquarters in Abuja on Thursday, October 17, INEC national chairman, Prof Mahmood Yakubu said the election will be held on Saturday 8th November 2025.
Hear him: “As you are aware, the last governorship election in Anambra State was held on 6th November 2021. By the effluxion of time, the governorship election is due next year.
In compliance with the mandatory requirement of 360 days, the formal notice for the election will be published on 13th November 2024. Party primaries will be held from 20th March 2025 to 10th April 2025.
“The candidate nomination portal will open at 9.00 am on 18th April 2025 and close at 6.00 pm on 12th May 2025. The final list of candidates will be published on 9th June 2025.
“Campaign in public by political parties will commence on 11th June 2025 and end at midnight of Thursday 6th November 2025. Voting will take place in all the 5,720 Polling Units across the State on Saturday 8th November 2025.
In compliance with the mandatory requirement of 360 days, the formal notice for the election will be published on 13th November 2024. Party primaries will be held from 20th March 2025 to 10th April 2025.
“The candidate nomination portal will open at 9.00 am on 18th April 2025 and close at 6.00 pm on 12th May 2025. The final list of candidates will be published on 9th June 2025.
“Campaign in public by political parties will commence on 11th June 2025 and end at midnight of Thursday 6th November 2025. Voting will take place in all the 5,720 Polling Units across the State on Saturday 8th November 2025.
The candidate nomination portal will open at 9.00 am on 18th April 2025 and close at 6.00 pm on 12th May 2025. The final list of candidates will be published on 9th June 2025.
“Campaign in public by political parties will commence on 11th June 2025 and end at midnight of Thursday 6th November 2025. Voting will take place in all the 5,720 Polling Units across the State on Saturday 8th November 2025.
“In the coming weeks, the Commission will provide details of other electoral activities, including the registration of new voters, transfer of voters and the replacement of lost or damaged PVCs.
“The detailed Timetable and Schedule of Activities for the 2025 Anambra State Governorship election will be uploaded to our website and social media platforms before the end of this meeting.”
News
Despite heavy hunger, World Bank Tells Nigerians Not To Oppose, Reverse Tinubu’s Economic Reforms
By Kayode Sanni-Arewa
Despite hunger, World Bank has urged Nigerians to support the ongoing economic reforms, warning that opposing or reversing them could have serious negative consequences for the country.
Speaking at the launch of the Nigeria Development Update (NDU) report in Abuja, the World Bank Country Director for Nigeria, Dr. Ndiame Diop, emphasized that while the reforms may be challenging, they are crucial for the nation’s long-term stability.
Dr. Diop cautioned that rolling back these reforms would be detrimental, saying, “Reversing the reforms would spell doom for Nigeria.”
In the same vein, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, reiterated the importance of staying committed to the reforms. He stated, “Any effort that is not sustained will be a waste. Together with the Governor of the Central Bank of Nigeria and the Minister of Budget and National Planning, we’ve been discussing how to stay on course.”
Edun further explained that the government’s focus is on reducing inflation while ensuring investments flow into critical sectors such as industry, where jobs can be created. “We are prioritizing market pricing and sat down with labor unions to explain why we cannot afford to let this opportunity slip.”
On the removal of subsidies, Edun noted, “Every day without subsidies means more funds available for education, healthcare, and other essential expenditures.”
Also speaking, Central Bank Governor Mr. Olayemi Cardoso highlighted the importance of promoting exports in light of the exchange rate adjustments. “The moderation in the FX rate should make our goods more competitive for export and discourage the importation of unnecessary goods,” he said
-
News24 hours ago
Just in: Shettima jets out in Tinubu’s absence
-
Sports16 hours ago
Get ready for Libya rematch – Obi Tells Super Eagles
-
Entertainment23 hours ago
Actress Bimbo Akintola reveals why she can never date an actor
-
News14 hours ago
20 seconds after prayer my father suddenly died- Senator Zwingina’s son
-
News12 hours ago
Reps Pass For Second Reading Bill to create Ogoja state
-
News22 hours ago
Oil magnate sues EFCC for unlawfully declaring him wanted
-
News14 hours ago
Just in: Bill to create additional state passes second reading in HoR
-
News12 hours ago
Reps Seek Upward Review Of Budgetary Allocation For BPE