NDC Reports N6.1bn Profit, Emphasizes Financial Transparency

The Nigeria Democratic Congress (NDC) declared a surplus of N6.127 billion from its financial operations since its formation approximately seven months ago. This profit was generated from N8.529 billion in income, which included proceeds from the sale of nomination forms, dues, levies, and contributions from supporters.

The party reported expenditures of N2.402 billion on various activities, including primaries, publicity, staff salaries, and operational costs. The financial statement was presented by the National Treasurer, Dr Peter Onigah, during a National Executive Committee (NEC) meeting in Abuja.

The NDC leadership stated that this disclosure reflects their commitment to accountability and transparency, urging other political parties to also make their financial records public. Senator Victor Umeh, representing Anambra Central and a member of the NEC, praised the move as a vital demonstration of transparency that enhances public confidence in the party.

He noted that the financial disclosure provided clarity on the party's financial position, countering speculation about its income and expenditures.