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Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. - Politics - Nairaland

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Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by PhockPhockMan: 3:33pm On Mar 09, 2016



The All Progressives Congress (APC) is experiencing financial distress and has been unable to pay the salaries of its staff, TheCable can report.


At a news briefing on January 25, John Oyegun, national chairman of the party, had admitted that the party was having financial challenges, but he added that the party did not want to bother President Muhammadu Buhari because it was not his constitutional duty to finance the party.

“There has been this talk in the media but that goes to tell you that just like the economy, the party too is suffering from the stresses and strains of funding just like every institution in our polity,” he had said.

“That also goes to tell you that we are not a party that withdraws money from security votes or from any government agency. We are working on plans to raise money from within the memberships. That plan has matured and will soon put it into operation.

“I saw reports that we have written to the president to rescue the party. That is not part of his national duties and he has no intention because there are no funds from which he can draw from.

“The party has to come up with fresh and innovative ways as to how to raise resources for its operations and that, we have done. The plan is ready and will go into operation in the next one month or two.”

But TheCable has learnt that Buhari is not willing to “bail out” the party owing to allegations of financial mismanagement against leaders of the party.

A source privy to the “financial standoff” said some officials of the party magicked N7bn campaign funds in the last general election.

“The president is furious with the party leaders, and has refused to support them financially,” he said.

“The party now runs after state governors in a bid to survive, and has begun to knock on the doors of ministers.”

On February 24 when APC leaders met with Vice-President Yemi Osinbajo at the presidential villa, the financial crisis in the part was one of the major subjects of discussion.



https://www.thecable.ng/buhari-refuses-to-support-apc-financially-over-mismanagement-of-n7bn-campaign-fund

1 Like

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by PRYCE(m): 3:36pm On Mar 09, 2016
A source privy to the “financial standoff” said some officials of the party magicked N7bn campaign funds in the last general election.

7Bln? Metuh's own was 400mn oo but had GMB security all over his shít? Issorite!

So to APC chieftains, Na only 'Furious' no EFCC Attack Dogs?

Double Standards everywhere! But even "INTEGRITY"?

107 Likes 10 Shares

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by Nobody: 3:36pm On Mar 09, 2016
PMB, let no one blackmail you

17 Likes 1 Share

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by Ohammadike: 3:38pm On Mar 09, 2016
What a corrupt party pretending to be fighting corruption

No wonder they are wailing about rivers state

No more free oil money

77 Likes 4 Shares

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by Ezenwammadu(m): 3:40pm On Mar 09, 2016
How can a part be financially stable when the greatest thief tinubu parades himself as party leader

Even Atiku is there

83 Likes 6 Shares

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by rolchi(m): 3:44pm On Mar 09, 2016
A whole 7B NGN 'magicked'? cheesy cheesy cheesy

APC...I hail una oh!

50 Likes 4 Shares

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by TippyTop(m): 3:44pm On Mar 09, 2016
Amaechi can no longer fund APC.
This is the reason APC are fighting tooth and nail to take over Rivers State.

73 Likes 5 Shares

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by PhockPhockMan: 4:11pm On Mar 09, 2016
PRYCE:


7Bln? Metuh's own was 400mn oo but had GMB security all over his shít? Issorite!

So to APC chieftains, Na only 'Furious' no EFCC Attack Dogs?

Double Standards everywhere! But even "INTEGRITY"?
I thought I'm the only one seeing all these abnormalities.

11 Likes

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by PhockPhockMan: 4:13pm On Mar 09, 2016
TippyTop:
Amaechi can no longer fund APC.
This is the reason APC are fighting tooth and nail to take over Rivers State.

Impossible.

16 Likes 1 Share

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by Nelkoko: 4:18pm On Mar 09, 2016
So efcc NO go folo dem?

3 Likes

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by SleekMallam: 4:24pm On Mar 09, 2016
Buhari should be quick to bail his party out cos even the nairaland progressives are rioting and going bananas cos of lack of alert while barca smiles to the bank.

cc: Gbawe ngeneukwenu omenka demdem mynd44

50 Likes 5 Shares

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by tritt(m): 4:36pm On Mar 09, 2016
APC have you consulted Amaechi?

37 Likes 2 Shares

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by ThankGodEdeh(m): 4:39pm On Mar 09, 2016
7bn what? chai...We are fighting corruption in the voice of you know who

8 Likes

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by sammyj: 4:44pm On Mar 09, 2016
angry
Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by nbright: 4:45pm On Mar 09, 2016
angry angry angry angry angry sad shocked cool shocked cool tongue
Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by kennyman2000(m): 4:45pm On Mar 09, 2016
Hmmmm
Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by Emeskhalifa(m): 4:45pm On Mar 09, 2016
quite unfortunate sad
Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by Nobody: 4:45pm On Mar 09, 2016
IPOB AND PDP PROPAGANDA just to make the ignorants think Dasuki and Metuh are both lesser thieves.

5 Likes

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by Nobody: 4:46pm On Mar 09, 2016
Party is supreme but reasonable.

He's still loyal to the party

1 Like

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by nbright: 4:46pm On Mar 09, 2016
PRYCE:


7Bln? Metuh's own was 400mn oo but had GMB security all over his shít? Issorite!

So to APC chieftains, Na only 'Furious' no EFCC Attack Dogs?

Double Standards everywhere! But even "INTEGRITY"?
APC na fraud, buhari too join

15 Likes 1 Share

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by Emekamex(m): 4:46pm On Mar 09, 2016
7 billion naira gone just like that?
Zombies, over to you

32 Likes

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by Mikehell(m): 4:46pm On Mar 09, 2016
SleekMallam:
Buhari should be quick to bail his party out cos even the nairaland progressives are rioting and going bananas cos of lack of alert while barca smiles to the bank.

cc: Gbawe ngeneukwenu omenka demdem mynd44

Bail them out with tax payers money ba? or with the expected recovered loot of abacha

8 Likes 1 Share

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by Oildichotomy(m): 4:46pm On Mar 09, 2016
We are waiting for the truth to unfold in bits

Chai bubu

1 Like

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by SycophanticGoat: 4:47pm On Mar 09, 2016
APC house of hunger... cheesy grin

18 Likes

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by gpmorgan: 4:47pm On Mar 09, 2016
A man woke up in the morning showtin breathlesly,Holy gost fire!
Holy host fire! the wife asked him,did u see lion in the dream? The husband said,
that could hav been better.what den happnd that u couldnt speak.?asked the worried wife again.
"I nearly voted for APC again in the dream" said the man and the wife shouted blood of jesus.

40 Likes 1 Share

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by Nobody: 4:48pm On Mar 09, 2016
But TheCable has learnt that Buhari is not willing to “bail out” the party owing to allegations of financial mismanagement against leaders of the party.

A source privy to the “financial standoff” said some officials of the party magicked N7bn campaign funds in the last general election.

“The president is furious with the party leaders, and has refused to support them financially,” he said.

“The party now runs after state governors in a bid to survive, and has begun to knock on the doors of ministers.”
I find it disturbing. Oyegun said they're not a party that goes after security votes, obviously trying to play the saint but the bolded gives us insight into the true picture. Amaechi and Fashola no longer control monies of which they owe nobody any account, little wonder APC did all they could to get Akwa Ibom and Rivers, little wonder their new poster boy, Ambode has decided to tax the poorest of the poor just to shore up revenue for his party. Those of you who voted for change, you see your life in black and white?

22 Likes

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by Nobody: 4:49pm On Mar 09, 2016
That is unfair of Buhari. He should stop behaving like a dictator. He couldn't have won without the support of his party, so why starve it of funds? The governors and leaders should move against the old hag. No one stole and N7b campaign fund. Big,Fat Lie
Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by BizBayo: 4:49pm On Mar 09, 2016
My Presido can never be part of.... I trust him
Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by hylyne(m): 4:49pm On Mar 09, 2016
Op what do you intend to achieve with this senseless propaganda.....?
Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by MoneypassGod(m): 4:51pm On Mar 09, 2016
I thought they voted for change... No be only change na balance.

7 Likes

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by thefakestan: 4:51pm On Mar 09, 2016
Still thinking,

The captioning by OP em, sounds like all those quack newspapers with catchy headlines.


ThefakeStan

1 Like

Re: Buhari Snubs APC Over ‘mismanaged’ N7bn Fund. by joeace2020(m): 4:52pm On Mar 09, 2016
APC Scam of the millennium

6 Likes

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