NDC Reveals N8.5bn Revenue, Challenges Other Parties

The National Democratic Congress (NDC) has publicly challenged the All Progressives Congress (APC), African Democratic Congress (ADC), and other political parties to open their financial records for scrutiny. The NDC declared it generated N8,529,632,438.77 and spent N2,402,461,479.77 over seven months.

National Chairman Moses Cleopas announced these figures during the party’s third National Executive Council (NEC) meeting in Abuja, emphasizing the leadership's commitment to transparency and accountability. Cleopas stated that the disclosure was not a response to social media allegations but a proactive measure to inform members about resource management.

He noted that while political parties must submit financial reports to government institutions annually, the NDC chose to disclose its financial position ahead of the statutory deadline. The financial committee includes the national chairman, national secretary, financial secretary, treasurer, and auditor.

Senator Victor Umeh commended the NDC's transparency, stating it allows members to understand the party's financial standing rather than relying on speculation.