HomeNewsLabour Party Treasurer Demands Accountability for N3.5 Billion Amidst Financial Dispute

Labour Party Treasurer Demands Accountability for N3.5 Billion Amidst Financial Dispute

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A fresh crisis has erupted within a faction of the Labour Party, led by Julius Abure, as the party’s National Treasurer, Oluchi Opara, demanded accountability for approximately N3.5 billion in party finances. The call for transparency came during a press briefing held in Abuja on Monday, where Opara raised concerns about the alleged mismanagement and corruption under Abure’s leadership.

Addressing the media, Opara expressed her reluctance but emphasized the necessity of public scrutiny due to the failure of internal party mechanisms to hold Abure accountable for financial mismanagement. She accused Abure of abusing his office and misappropriating party funds, citing the proceeds from form sales and fundraising activities intended for the 2023 general elections as examples.

According to Opara, Abure’s unchecked quest for power has led to the deliberate undermining of her duties and authority as outlined in the party’s constitution. In response to Opara’s allegations, the Labour Party dismissed her claims as malicious and suggested that external influences were behind her statements. Obiora Ifoh, the party’s National Publicity Secretary, issued a statement refuting Opara’s accusations, labeling them as concocted and aimed at tarnishing the party’s image.

The statement highlighted the proactive efforts made by the Labour Party during the 2023 general elections, including the presentation of a presidential candidate. It refuted the alleged embezzlement of party funds by Abure, emphasizing the transparency of the party’s financial records, which are subject to scrutiny by regulatory bodies like INEC.

The party defended Abure’s position as the National Chairman, citing the constitution’s provisions assigning him the role of the party’s accounting officer. Additionally, it emphasized the duties of the National Treasurer in handling party finances and ensuring financial transparency.

Despite the party’s rebuttal, it announced its intention to subject Opara to disciplinary proceedings for her statements. The statement implied that appropriate measures would be taken against her following the disciplinary committee’s review.

The unfolding dispute within the Labour Party underscores the challenges faced by political organizations in ensuring financial integrity and transparency. As accusations fly between party officials, the spotlight remains on the need for accountability and adherence to constitutional provisions within political entities.

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