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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 

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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. 

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“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.

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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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Bill For Independent Candidacy Recommitted, Referred To Constitution Review Committee

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By Gloria Ikibah 
 
 
A major milestone was recorded on Wednesday at plenary as a bill seeking to alter the Constitution of the Federal Republic of Nigeria, 1999, to provide for independent candidacy in Nigeria was recommitted and referred to the Constitution Review Committee of the House of Representatives for further legislative action.
This development is a significant step towards promoting electoral reforms and strengthening Nigeria’s democracy.
Naijablitznews.com reports that th House of Representatives had earlier inaugurated a Constitution Review Committee to address various issues, including electoral reforms, devolution of powers, and fiscal federalism earlier this year.
 
 
The bill, titled “Constitution of the Federal Republic of Nigeria, 1999 (Alteration) Bill, 2024 (HB1630) (Independent Candidates),” is sponsored by Rep. Akin Rotimi Jr., who represents the Ekiti North 1 (lkole/Oye) Federal Constituency. This piece of crucial legislation, is a legacy bill from previous assemblies (7th, 8th, 9th), was reintroduced for consideration after being read for the first time in the 10th Assembly on Thursday, September 26, 2024.
 
 
The sponsor of the bill emphasized the importance of expanding political participation through independent candidacy. 
 
 
He said: “This legislative action is pivotal for the continued evolution of our democracy. It recognizes the constitutional significance of offering citizens the option to run for public office independently, thereby ensuring greater inclusivity. “
 
 
The bill’s progress is guided by the combined provisions of Order Twelve, Rule 17, and Order 1, Rule 1(2), of the House of Representatives Standing Orders, underscoring the House’s commitment to a thorough legislative process.
 
 
Speaking to journalists on the bill after the plenary on Thursday, the Founder of ElectHER, Ms. Ibijoke Faborode said the recommittal of the Independent Candidacy Bill was a critical and progressive milestone. 
 
 
She expressed enthusiasm at seeing the National Assembly unite in support of the bill, underscoring their dedication to a legislative agenda that promotes inclusiivity. Faborode also highlighted that the progress of the bill in the 10th Assembly marked a defining moment for Nigeria, with the potential to significantly shape the future of its democracy. 
 
 
She therefore reaffirmed ElectHER’s continued partnership with the office of the House Spokesperson to champion public advocacy and engagement towards the final passage of the bill.
 
 
The bill was recommitted to the House Committee on Constitution Review for further comprehensive consideration and legislative action.
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Just in :INEC announces date for Anambra governorship election

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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.”

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Despite heavy hunger, World Bank Tells Nigerians Not To Oppose, Reverse Tinubu’s Economic Reforms

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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

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