Peter Obi Calls for Probe into Presidential Campaign Finances

Peter Obi Calls for Probe into Presidential Campaign Finances

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Labour Party (LP) Presidential Candidate, Peter Obi, has urged for a comprehensive investigation into alleged financial misconduct involving National Chairman Barrister Julius Abure.

Obi made this demand during a press briefing where he provided a breakdown of the funding for the 2023 Obi-Datti Presidential campaign on Thursday. He emphasized the need for transparency in party finances, stating, “When it comes to money, transparency is paramount. Therefore, the allegations and counter-allegations must undergo a thorough investigation to ensure accountability.”

The LP recently imposed a six-month suspension on its National Treasurer, Mrs. Oluchi Oparah, following allegations of financial mismanagement. Oparah, in turn, has contested the suspension, claiming it was orchestrated against her.

She accused Barrister Julius Abure of mishandling funds amounting to N3.5 billion raised from nomination forms and fundraising activities for the 2023 elections. Additionally, she alleged collusion between the LP’s leadership and the opposition Peoples Democratic Party (PDP) in Edo State.

However, the LP’s National Publicity Secretary, Mr. Obiora Ifoh, dismissed Oparah’s claims, labeling her a mole working to sow discord within the party.

During the briefing, Obi also called upon support groups, individuals, and parties who received campaign funding to provide an account of how they utilized the funds.

Aisha Yesufu, Chairperson of the Campaign Organisation’s Fundraising Team, disclosed that over N744.5 million was spent on legal proceedings related to the presidential election, while donations totaling N595.9 million were received.

Yesufu highlighted the importance of accountability and transparency in utilizing donated funds. She detailed the allocation of funds for various campaign activities, including procurement and distribution of campaign materials, media campaigns, and election promotion expenses.

The breakdown included expenditures for polling unit agents, administrative costs, legal fees, and campaign activities. Yesufu reiterated the campaign’s commitment to prudent financial management given the constraints faced, particularly in terms of media coverage.

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