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LP Crisis: Peter Obi, Obidients Dump Abure, As Search For New Chairman Begins

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The crisis rocking the Labour Party, LP, took a dangerous dimension last week, with members of the Nigeria Labour Congress, NLC, picketing the party’s national secretariat and some of its state offices.

There are also indications that the presidential candidate of the party in the 2023 election, Peter Obi and his supporters known as Obidients have abandoned the party’s National Chairman, Julius Abure to his fate.

This is not unconnected to the internal crisis that has been rocking the party structure since the 2023 general elections was concluded.

After a series of legal battles with the factional chairman of the party, Lamidi Apapa, Abure has been in the news over alleged financial impropriety and other disturbing issues.

Abure’s unending alleged financial scandals

Recall that Peter Obi in February 2024, called for a thorough and forensic investigation into an embezzlement allegation levelled against the party’s chairman, Abure.

The call by the former Anambra Governor was in response to allegations earlier made by Oluchi Oparah, the national treasurer of the party, accusing Abure of allegedly misappropriating N3.5 billion.

Oparah also alleged that the Abure-led National Working Committee, NWC, was working hand-in-hand with the Edo State Government and the opposition Peoples Democratic Party, PDP, ahead of the September 2024 governorship polls.

Similarly, in a letter signed by Comrades TItus Amba and Chris Uyot, the chairman and the secretary of NLC Political Commission, the party expressed concerns over recurrent scandals and pending cases of fraud.

Labour Party administration under Abure

Abure was recently accused by some stakeholders of the party, including the Nigerian Labour Congress, NLC, of running the LP as a “sole administrator.”

DAILY POST recalls that the Deputy President of the NLC Political Commission, Dr Theophilus Ndubuaku, who spoke when the workers occupied the Labour Party headquarters in Abuja recently, said the decision to picket the party’s headquarters was taken to express workers’ grievances against Abure’s style of leadership.

He said, ”Now, it is in the hands of this usurper, he is looking for N30 million, N40 million, and so on to buy forms, excluding the people who founded the party. Enough is enough, Abure must go,” said the acting General Secretary of NLC, Comrade Bello Ismail on the cost of governorship interest and nomination forms.

Similarly, in a letter issued by Comrades TItus Amba and Chris Uyot, the chairman and secretary of NLC Political Commission, respectively, the union also knocked Abure for not being committed to the ideology of the Labour Party.

Controversial national convention

The embattled LP Chairman was in the news recently again over his alleged plan to hold National Convention without due processes.

DAILY POST reports that the Abure-led National Working Committee, NWC, was accused of planning to hold the national convention of the party in Umuahia, Abia State capital on March 27.

The planned convention was captured in a notice issued to the Independent National Electoral Commission, INEC, on March 13.

The move was, however, rejected by critical stakeholders, such as the House of Reps Caucus and the NLC, leading to the recent picketing of the party’s secretariat last week.

Recall that the Nigeria Labour Congress Political Commission – the political wing of the NLC, had in an open letter dated March 15, condemned the planned convention.

While demanding for the immediate resignation of Abure, the commission described the plan as illegal, noting that it would not allow any form of illegality in the affairs of the party to stand.

A source who spoke to DAILY POST on Saturday on condition of anonymity, alleged that Abure’s intention was to impose leadership on the party.

He said major stakeholders in that party were against the March convention, stressing that the party needs more time to select its leaders.

“Everybody in the party including our leader, Peter Obi is tired of Abure’s leadership. If we are not in court today, we will be in the news for one allegation or the other.

“The time we need to use to prepare for elections like the ones coming up in Edo and Ondo is used in settling disputes.

“Abure knows that everyone wants him out and the next thing he wants to do to remain relevant in the party is to impose a chairman on the party.

“How can you be talking about conventions and stakeholders of the same party are not even aware? The Labour Party is not Abure’s personal company”, he said.

Search for new chairman begins

DAILY POST gathered on Saturday that a former Deputy National Campaign Manager to Peter Obi/Dati Presidential Campaign, Comrade Isaac Balami from the Northern region may take over from Abure.

An insider told DAILY POST that some party leaderships and chieftains have had a meeting and suggested Balami as the next National Chairman of the party.

When contacted, Balami told our correspondent on the phone that he was “under pressure to run for the chairmanship of the party”, but that there are issues on ground still stopping his declaration.

According to him, he doesn’t even know whether the convention will be held as scheduled as “there are forces fighting against the unity and progress of the party”.

“But then, I can’t refuse or turn down a request coming directly from the youth constituency of the party.

“You know they were instrumental to the change in the political narrative and advancement of the Labour Party in the last election, so we can’t joke with their position.

“I truly appreciate their commitment to the success of our party and I won’t take their call for granted.

”In a couple of hours, we shall make our final decision on this matter.”

DAILY POST reports that the former All Progressives Congress, APC, chieftain had prior to the 2023 general elections, dumped his party for the LP, saying he believed in the ideology of the party and its candidate, Mr Peter Obi.

Speaking on the controversy surrounding the convention, Dr Yunusa Salisu Tanko, Chief Spokesperson for the Labour Party Presidential Campaign Council for the 2023 election, told DAILY POST on Saturday that Abure failed to carry the stakeholders of the party along in the planned convention.

He said, “all we want is for us to build a political party we all will be proud of. A part that will represent the interest of everybody.

“We have all that it takes to build the structure of the party. That is the best thing that can happen to us as a party.

“We don’t want a closed convention like the Chairman is trying to have. Because it is likely going to be a closed convention instead of an open convention and that is not good for us.

“Many people did not even know that there was going to be a convention. I was not aware of the convention too. I saw it in the newspaper just like any other person.

“This is what NLC is also saying. Nobody is against any particular person but for us to have a convention that all of us will be proud of. Peter Obi has also said that the convention should be open for everybody.”

Asked to clarify the viral report purporting Peter Obi’s decision to dump the Labour Party ahead of the 2027 presidential elections, Tanko simply said, “It is not true. As far as I am concerned, there is nothing like that”.

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I Delivered $15m Agency Cash To Ex-NIMASA DG Akpobolokemi, EFCC Witness Tells Court

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A prosecution witness, Captain Ezekiel Bala-Agaba, testified in a Lagos Federal High Court on Thursday, that he personally delivered $15 million in cash to former NIMASA DG, Patrick Akpobolokemi.

The witness, Bala-Agaba, a former Executive Director of Maritime Safety, Shipping Development and Marine Operations at NIMASA, made the disclosure while testifying before Justice Ayokunle Faji of the Federal High Court in Lagos.

Captain Agaba, who appeared as the 15th prosecution witness, told the court that funds meant for pipeline surveillance were withdrawn from NIMASA’s accounts, converted into dollars, and handed over to Dr Akpobolokemi.

According to him, the money was taken to a Bureau de Change, which converted it into $15 million before the cash was delivered to the NIMASA office on Burma Road, Apapa, Lagos.

He said he subsequently took the money to the office of the then Director-General.

“The money was sent to a Bureau de Change, which later brought the dollar equivalent to our office at Burma Road, Apapa, Lagos. I asked my Personal Assistant, Ekene Nwakuche, to carry the bag and follow me to the Director-General’s office,” he told the court.

The witness explained that he collected the bag from his aide before entering the office.

“When we got to the door of the Director-General’s office, I collected the bag from him and asked him to wait outside. I then personally delivered the sum of $15 million to the Director-General.”

The witness was initially a defendant in the case but later opted to testify for the prosecution.

While being led in evidence by prosecuting counsel, Suleiman Suleiman, he explained the chain of command within NIMASA and how financial approvals were processed in the agency.

According to him, the Director-General is the overall head of the agency and issues instructions to directors, who then implement policies in line with the NIMASA Act.

He told the court that he chaired the agency’s Intelligence Committee, which was responsible for certain security-related operations.

“As chairman of the committee, I oversaw its activities and reported directly to the Director-General, Dr. Patrick Akpobolokemi,” he said.

During the proceedings, the witness was also shown a document containing a letter from Access Bank to the Economic and Financial Crimes Commission (EFCC) detailing transactions in NIMASA’s accounts between 2013 and 2015.

When asked how much money he took to the former Director-General, Agaba replied: “$15 million.”

After listening to the testimony, Justice Faji adjourned the matter until April 22 and 23 for cross-examination of the witness.

The EFCC had in December 2015 arraigned Dr. Akpobolokemi and seven others before the court on a 30-count charge bordering on conspiracy, fraudulent conversion of funds and money laundering.

Those charged alongside the former NIMASA boss include, Warredi Enisuoh, Governor Juan, Ugo Frederick, Timi Alari, as well as Alkenzo Limited and Penniel Engineering Services Limited.

They pleaded not guilty to the offences.

The anti-graft agency alleged that the defendants conspired to divert funds running into over N1.15 billion under the guise of providing security intelligence in Nigeria’s maritime domain.

According to the EFCC, the NIMASA Intelligence Committee allegedly received N1,153,000,000 between December 2013 and July 2015.

Investigations further revealed that several companies contracted to execute the intelligence operations were either unregistered or lacked the capacity to perform the services, while some were allegedly linked to the defendants.

The prosecution also alleged that the defendants nominated or owned many of the companies used to execute the contracts.

One of the charges stated that the defendants conspired to commit offences punishable under the Money Laundering (Prohibition) Act, 2012.

 

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CBN Bars Chronic Loan Defaulters from Accessing New Banking Services

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The Central Bank of Nigeria (CBN) has issued a directive to all financial institutions to immediately restrict certain banking services for large-ticket borrowers with non-performing loans (NPLs).

This move is aimed at strengthening credit discipline and protecting the stability of the Nigerian financial system following a rise in the industry’s NPL ratio to approximately 7%, exceeding the regulatory 5% threshold.

This order is specifically targeted at large-ticket obligors.

The CBN issued the directive in a circular to banks on Monday.

The latest instruction comes almost a week after the CBN asked financial institutions to stress test.

It is uncertain if the two directives are connected or what may have triggered the loan-related instruction, but the apex bank said it furthers its mandate to protect Nigeria’s financial system.

“In furtherance of its mandate to promote a sound financial system, protect depositors, and enhance prudential compliance within the banking sector, the Central Bank of Nigeria (CBN) hereby directs all banks to restrict non-performing large ticket obligors, whose activities pose systemic risk to the financial system, from accessing specified banking services,” the circular reads in part.

“Any large-ticket obligor with a non-performing facility recorded in the CRMS and/or any licensed private credit bureau shall not be granted additional credit facilities. For the purpose of this restriction, credit facilities include loans and other forms of direct credit.

“In addition, such obligors shall not be granted banking facilities or contingent liabilities such as bankers’ confirmations, letters of credit, performance bonds, or advance payment guarantees.”

 

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Makinde Only In PDP Because He’s Not Seeking Re-election – Otitoju

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Babajide Kolade-Otitoju, the Director of News at TVC News, recently stated that Oyo State Governor Seyi Makinde would likely have defected from the People’s Democratic Party (PDP) if he was still serving his first term.

Otitoju stated this on Friday on TVC’s ‘Breakfast Show’.

He described the National Convention of the Peoples Democratic Party, PDP, in Ibadan last November as a mere waste of time.

“People must show good judgment at a critical phase. What was the point of having that convention? Two courts told you not to go ahead but you went ahead.

“I may not be a fan of former Senate President Bukola Saraki but if he says something that makes sense, I will be the first to admit it. He made sense when he said let’s go for caretaker. What’s the point of not listening to him?

“Later you will be shouting that the ruling party is behind your crisis, meanwhile you are the architect of your own misfortunes. You created this problem.

“If Makinde were in his first term, he would have fled like the dancing governor because his second term would have been in danger,” Otitoju said.

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