LP crisis: Abure refutes claims of fraud, saying that the party generated over N3.5 billion

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On Thursday, Julius Abure, the National Chairman of the Labour Party, defended himself against several accusations made by the party’s struggling National Treasurer about the theft of party finances.

The party has not received over N3.5 billion in revenue into its account, according to Abure.

During Thursday’s Arise Television Morning Show, the Chairman answered questions about the party’s ongoing problem.

According to the twiscoloaded, Abure was accused by the suspended party treasurer, Mrs. Oluchi Oparah, of preventing her from accessing the bank accounts and financial records of the organization.

In addition, Oparah insisted that Abure provide an accounting of party monies exceeding N3.5 billion, which came from the sale of forms and other fund-raising activities for the general election in 2023.

As of the closing of the expression of interest and nomination forms sales, she said that the chairman had turned down every request to examine LP’s records.

The Labour Party’s National Working Committee (NWC) harshly imposed a six-month suspension on Oparah in reaction to the accusations.

In a media briefing, LP’s National Publicity Secretary, Mr. Obiora Ifoh, revealed this, claiming that the suspended Treasurer is a mole who is being utilized by opponents to sow discord inside the party.

Abure, though, has now issued a challenge to Oparah, demanding that she produce the documentation demonstrating how she calculated the N3.5 billion in election-related revenue.

He refuted her claim that the party had amassed more over N3 billion. To be clear, we already have an audited report that was created by the party’s qualified auditor. An outside auditor for the party has examined every document. Additionally, we possess all of the party’s audited financial documents for the years 2022 and 2023.

“I have the audited statement of account here; all these records are available.”

In conclusion, N1.3 billion in total—neither more nor less—entered the party account between 2022 and the present.

Additionally, we received N700 million in campaign funding, which were sent directly to the campaign organization for the respective races. I was unaware of this, and I find it hard to understand how she obtained the N3.5 billion she mentioned.

“I want to challenge her, saying that she should release the documentation showing how she calculated the N3.5 billion in revenue from the election.”

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