N3.5bn earning: LP national treasurer to face disciplinary committee

The Labour Party (LP) has described the claim by its national treasurer, Ms Oluchi Opera, that it earned N3.5 billion as false.

The party said Opera would face a disciplinary committee for the false allegations against the chairman of the party.

The LP, in a statement signed by the national publicity secretary, Pastor Obiora Ifoh, alleged that the national treasurer raised unfounded allegations against the national chairman of the Labour Party, Mr Julius Abure.

Ifoh said Oluchi was on her way out of the party executive following the expiration of her tenure in office.

He said the allegations were malicious especially for an executive member who knows the trend in the financial dealings of the party.

The statement read in part: “the attention of the leadership of the party has been drawn to a news conference by our National Treasurer, Ms Oluchi Opara, where she raised a number of allegations against the national chairman, Julius Abure, concerning corruption and abuse of office.

“We want to say that the national treasurer merely read out a concocted statement drafted by our detractors to further tarnish the image of the party.

“With the exception of the national treasurer whose tenure is about to end in few weeks time, and who has served for eight years as national treasurer without a single record of party accounts, no other member of the national working committee has raised any issue of embezzlement against our national chairman who made a pledge on assumption that the party has to be revamped.

“Evidence is our proactive outing in the 2023 general election as the party presented for the first time a very good presidential candidate.

“Let it be said that the Labour Party has not earned N3.5 billion as claimed and the national Chairman has not embezzled any money that belongs to the party as alleged,” Ifoh said in a statement.

“The records are there, except that Ms. Oluchi Opara does not understand simple accounting even as a treasurer. An External Auditor is engaged by the party and our account is under constant scrutiny of the Independent National Electoral Commission (INEC) or other regulatory bodies.

“Abure does not own several houses and property as spuriously alleged by our estranged national treasurer, though no law prohibits him from owning properties.”

The statement added: “the constitution of the Labour Party in Article 14:1b provides that the national chairman shall be the accounting officer of the party.

“Shall approve all expenditures and shall be a signatory to the Party’s Bank account(s)”

“Article 14: 6 states that the national treasurer shall receive and promptly pay into the party’s account(s), all monies received for and on behalf of the party.

“Shall ensure the preparation of annual statement of account/reports on finances of the party including compilation of the party’s assets and liabilities and make same available to the National Executive Council (NEC) from time to time; shall be a co-signatory to the party account(s).”

“These sections are clear as to the duty of the national chairman apart from providing leadership. The duty of the National Treasurer is also clearly spelt out.”

In the past, the party didn’t have accounting books or methods as it was ran by the then chairman and Ms Oluchi the Treasurer. They were only accountable to themselves, but with the emergence of the Abure-led executive, and the growth of the party, it became imperative for the party to structure its accounting method and policy.

“This of course didn’t go down well with the National Treasurer.

The party can understand her vituperations but we can’t help her situation, moreso when her time in the NWC is running out.

“It will be recalled that she is alone in this battle. Several stakeholders have had course to prevail on her to bridle her inordinate ambition but all to no avail.

“We are surprised that despite all efforts to assure her of a future, she still went ahead to align with our detractors and sworn enemies of the party.

“The party will definitely take her case to the disciplinary committee where appropriate measures will be taken.