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Nairaland Forum / Nairaland / General / Politics / Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding (23471 Views)
Cash Crunch Hits Reps, Shun Visits To Constituencies / Cash Crunch Hits Ministries, Agencies As Revenue Nosedives / Fresh Crisis Hits APC, Deputy National Publicity Scribe Asks Chairman To Resign (2) (3) (4)
Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by Richie0974: 11:08am On Jan 17, 2016 |
Onyebuchi Ezigbo in Abuja As an aftermath of the ongoing probe of the Federal Government’s arms purchase budget, the All Progressives Congress (APC) has hit a brick wall in its attempt to get funding assistance from the Presidency. The leadership of the ruling party had held a closed-door meeting with President Muhammadu Buhari last Monday to brief him on the state of affairs of the party. Part of the discussion during the meeting centred on the critical state of the party finances and how the President and other elected members can assist in funding the operations of the party. However, THISDAY gathered that the party did not succeed in persuading the President to play pivotal role in its fund-raising campaign as he declined to make any commitment, but rather advised the party’s leadership to go back and look inwards on how to mobilise funds internally through regular fees/donations from members. Those who were at the meeting of the NWC with President Buhari included the National Chairman, Chief John Oyegun; National Secretary, Alhaji Mai-Mala Buni; Deputy National Chairman (North), Senator Lawan Shuaibu, and Deputy National Chairman, Chief Segun Oni. A highly reliable source at the Presidency told THISDAY that Buhari politely declined any commitment to bear the financial burden of running the party. “Buhari declined from making any financial commitment. He rather reminded the APC NWC members of how the leaders of the Peoples Democratic Party (PDP) messed themselves up by dipping their hands into public funds to run the party campaigns. He said he would not want APC to be seen as behaving in the same manner, moreso now that it is running a corrective government,” the source said. Since its victory at the 2015 presidential polls in which it secured majority support based on its change mantra, the APC have been very careful to avoid the some of the pitfalls of the PDP. Even at the risk of operating a very tight budget, the ruling party’s leadership has tried to avoid going to ask its members in government to allocate funds for its activities. The party had relied on voluntary donations from benevolent members until the internal struggles for power and relevance at the National Assembly smeared its relationship with some of these leaders. For instance, it was learnt that one of the strong financiers of APC and former governor of Lagos state, Asiwaju Bola Ahmed Tinubu has decided to go underground following his displeasure at the actions of the Oyegun-led NWC. Also the APC governors who along with their colleagues in the Governors Forum had gone to seek for federal government’s bail-out fund to pay workers’ salaries found it inexplicable to divert such borrowed funds to party coffers. It was learnt that at the heat of the financial crunch, one of the governors from the Southern part of the country came to the aid of the party by donating a sum of N50 million last October. Following the consultative meeting at the presidency, Oyegun summoned an enlarged meeting of members of the NWC on Thursday at the party’s headquarters in Abuja where they were briefed on the outcome of discussions with President Buhari. The NWC resolved that as part of a fund-raising strategy the party should implement provisions of its constitution which allowed for fees to be charged on members holding elective and appointive positions. Similarly, an initiative was proposed for all card-carrying members of the ruling party to henceforth pay levies in support of the day-to-day operations of the party. As part of the strategy, the party said it would henceforth become binding on all members to fulfill their financial obligations to the party as condition for eligibility to contest elective positions or to seek endorsement of the party for any appointive positions in government. Efforts by THISDAY to speak with the National Secretary of APC or the Deputy spokesman, Timi Frank on the new plan of the party proved abortive as their telephone http://www.thisdaylive.com/articles/cash-crunch-hits-apc-as-buhari-advises-party-to-look-inward-for-funding/230555/#.Vps_4NMPTsI.facebook Lalasticlala 6 Likes 2 Shares |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by Elosky20: 11:14am On Jan 17, 2016 |
bring back our yam 5 Likes |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by skup008(m): 11:18am On Jan 17, 2016 |
really? 1 Like |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by omooba969(m): 11:19am On Jan 17, 2016 |
Ok 1 Like |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by Nobody: 11:32am On Jan 17, 2016 |
Don't let them deceive you they tell so many lies 116 Likes 8 Shares |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by modath(f): 11:32am On Jan 17, 2016 |
APC nor well, so their elected members receiving fat salaries & allowances for doing absolutely zilch can't pay dues?!! This nation is a real ! Nonsense! 45 Likes 2 Shares |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by asadike(f): 11:46am On Jan 17, 2016 |
Na wah o, which way nigeria? 2 Likes |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by OKKO(m): 11:52am On Jan 17, 2016 |
I can't be deceived with this smoke screen. Let then organize a public donation to test their popularity after the elections. After all during elections, cattle rearers, yam farmers, market women etc were all donating money and "yams" to them. Let them go back to that old woman that donated her N 1mil life savings, she must have gathered a token since then...LOL. Have you lost the goodwill of the gullible public? Liars...APC can liar for lucifer!!! Rotimi Amaechi should return rivers state money to the people. Lobbing for VP with N50 mil but rather got snubbed and pushed to do the Jackie work as campaign coordinator, thought he will bag the SFG or COS but latter got a dismal minister of transport. The likes of Atikus and decampee PDP governors, Seraki, Dagora etc no send una... 71 Likes 11 Shares |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by Bevista: 11:54am On Jan 17, 2016 |
If only governors could follow suit and stop using state resources to fund party activities. If APC is experiencing cash crunch, then PDP must be on life support. --- I see the race for Akwa Ibom & Rivers State government houses hotting up. These parties are going to rely more on oil producing states to support party activities. Unfortunately for them, oil may be heading towards $20, meaning that even oil producing states may find it difficult to meet their recurrent expenditure & debt obligations. 10 Likes 1 Share |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by doctokwus: 12:01pm On Jan 17, 2016 |
Conservatively if a party like the APC has 10m members and each pays an annual fee of N1k,maybe in quarterly instalments of say N250,to make it easier for the financially challenged,that shud fetch N10b! N10b is more than enough to run the affairs of a party. Besides, elected members wud pay higher,say 10 or even 100k annually, aside fees for nomination forms. The govt shud not give these people any dime.Some of these party excos, due to how ineffective our laws are and d impunity of the past, the only way they know to raise funds to fund their trivialities is to run to various govt executives to dip hands into govt funds and dash them, with no questions asked.Its unlawful and shud not be allowed to continue. 22 Likes 2 Shares |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by ticker(m): 12:03pm On Jan 17, 2016 |
APC and propaganda ............... 33 Likes 4 Shares |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by Firefire(m): 12:14pm On Jan 17, 2016 |
modath: To prevent previous antecedent, we should all be on the look out to ensure APC does not task state governors to remit to the party part of the little Fed. allocation that is not enough to pay workers. APC cannot be trusted oooo. 12 Likes 3 Shares |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by Acidosis(m): 1:25pm On Jan 17, 2016 |
What do you expect? Amaechi the Dasuki of Rivers state is no longer in power. 19 Likes 3 Shares |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by maduxs: 1:25pm On Jan 17, 2016 |
Na Wash 12 Likes |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by ojmaroni247(m): 1:25pm On Jan 17, 2016 |
Bubu ,.. MA niggga, in 2face voice "Dem neva see anything". Sumtin tells me sum pple will run back to PDP before 2019. 11 Likes |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by Benjom(m): 1:26pm On Jan 17, 2016 |
It's high time. |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by canalily(m): 1:26pm On Jan 17, 2016 |
Now na morning 1 Like
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Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by AmakaDNB(f): 1:26pm On Jan 17, 2016 |
1 Like |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by kennyman2000(m): 1:26pm On Jan 17, 2016 |
Hmmmmm... |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by refiner(f): 1:27pm On Jan 17, 2016 |
don't understand dis my country again...nawa o |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by anonimi: 1:27pm On Jan 17, 2016 |
Amaechi will rescue the party just as he rescued Buhari from Atiku in December 2014! scribble: 16 Likes 5 Shares |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by Tochaigh: 1:27pm On Jan 17, 2016 |
An uncoroborated statement by a buhari associate, and it is given this headline. Nigerian journalism is in the gutters 3 Likes |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by tomdon(m): 1:28pm On Jan 17, 2016 |
so they wanted buhari to release state money to run the party |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by PoliticalThuG(m): 1:28pm On Jan 17, 2016 |
What do they want us to do now? 1 Like |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by Brymo: 1:29pm On Jan 17, 2016 |
Propaganda 12 Likes 2 Shares |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by repogirl(f): 1:29pm On Jan 17, 2016 |
Amaechiiiiii Thief!!!!! Lol @ Tinubu going underground, abi is he forming another party again? Since this one did not yield anything tangible for him? 21 Likes 1 Share |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by canalily(m): 1:29pm On Jan 17, 2016 |
refiner:...as i dnt understand you likewise.. |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by Nobody: 1:30pm On Jan 17, 2016 |
-How did pdp get money to fund the election Arms money -How did APC get money to fund the election ( dont we deserve to know) 14 Likes 1 Share |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by joystickextend1(m): 1:31pm On Jan 17, 2016 |
Hmm strange |
Re: Cash Crunch Hits APC As Buhari Advises Party To Look Inward For Funding by gurunlocker: 1:31pm On Jan 17, 2016 |
only trying to deceive the gullible in believing this crap 19 Likes |
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