APC Has No Money – Osita Okechukwu Explains Reasons For N8.9bn Debt – The Reflector Newspaper
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APC Has No Money – Osita Okechukwu Explains Reasons For N8.9bn Debt

Racheal Oloyede by Racheal Oloyede
February 27, 2025
in Featured, News
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APC Has No Money – Osita Okechukwu Explains Reasons For N8.9bn Debt
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Former Director General of the Voice of Nigeria, Osita Okechukwu, on Thursday claimed the All Progressives Congress, APC, has no money at the moment.

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Okechukwu disclosed this while addressing why the APC accumulated N8.9 billion debt.

Recall that the APC National Chairman, Abdullahi Ganduje, on Wednesday said he inherited N8.9 billion debt from his predecessor when he took over office.

Ganduje disclosed this in Abuja while speaking at the APC National Executive Committee, NEC, meeting.

He noted that the expenses were incurred during pre-election legal battles, election cases, and appeals for legislative, governorship, and presidential elections.

Ganduje said, “The current NWC inherited debts and legal liabilities to the total tune of N8,987,874,663, arising from various legal engagements.”

The meeting was attended by President Bola Tinubu; Vice President Kashim Shettima; Senate President Godswill Akpabio; Speaker of the House of Representatives, Tajudeen Abbas; state governors; NWC members; and other party chieftains.

However, Okechukwu said the huge debt was accrued from legal battles over the years.

Featuring on Arise Television’s programme, Morning Show, Okechukwu said: “On why we accumulated debts, that’s very simple, from day one – this same president Tinubu established a biometric registration quartered in Lagos.

“We were only able to do Anambra in 2013 with that machine, when this information got to the then president Jonathan, he instructed the Department of State Services to close it down.

“Since that close down ruptured our plans to have a biometric membership seamlessly and that could have met with one of the conditions in our constitution that members should have some tokens to contribute.

“If those tokens were done, we could not have been owing because we are now bedeviled in a situation.

“The debt came from outstanding legal fees, we didn’t do what PDP used to do while in the presidency, they were taxing ministers. We don’t have money.”

 

 

 

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