Factional National Publicity Secretary of the Labour Party, Abayomi Arabambi, has accused the party’s former presidential candidate, Peter Obi, of allegedly leaving the party with huge sums of money belonging to the organisation.
Arabambi made the allegation during an interview with Nevon HQ, where he claimed that the Labour Party once had about ₦12 billion in one of its accounts, alongside another $15 million held in a separate dollar account.
He alleged that Obi “ran away” with the funds and subsequently distanced himself from the party after the development.
According to him, Obi had never personally earned such amounts throughout his career, insisting that the figures in question were far above the former Anambra State governor’s known financial capacity.
Arabambi also claimed that one of Obi’s companies in the United Kingdom reportedly went bankrupt over a debt of about £900,000, using it to further question the source of his wealth.
He added that legal action would soon be pursued over the alleged missing party funds, stressing that the matter would not be allowed to go unresolved.
In his words: “In that account we had over 12 billion naira and in another dollar account we had 15 million dollars that Obi ran away with. That was why he ran away from Labour Party, Obi has never made 12 billion naira. Even his company in UK went bankrupt because of 900 thousand pounds.”
The allegations have not been independently verified, and neither Obi nor his representatives have issued a response to the claims at the time of this report.
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