Peter Obi Accused Of Leaving Labour Party With ₦12 Billion, $15M – Arabambi Alleges

According to Ireporter Online, Arabambi made the allegation during an interview with Nevon HQ, where he claimed that the Labour Party had about ₦12 billion in one of its accounts and another $15 million in a separate dollar account before Obi’s exit.

He alleged that Obi left the party with the funds and subsequently distanced himself from its activities. Arabambi further argued that Obi had never earned such amounts in his personal career, insisting that the figures were inconsistent with his known financial background.

He also claimed that one of Obi’s companies in the United Kingdom had previously gone into bankruptcy over an alleged debt of about £900,000.

Arabambi stated that legal action would soon be initiated to recover the alleged missing funds, stressing that the matter would not be ignored.

He was quoted as saying that the Labour Party had substantial funds in its accounts before Obi’s departure and insisted the former candidate was responsible for their disappearance.