The National Working Committee (NWC) of the Social Democratic Party (SDP) has announced the immediate suspension of its National Chairman, Shehu Gabam, over allegations of gross financial misconduct, News360 Nigeria reports.

Also suspended are Nnadi Clarkson, the party’s National Auditor, and Chukwuma Uchechukwu, the National Youth Leader. The trio are accused of embezzlement, misappropriation, and diversion of party funds.

This development was disclosed in a statement released by the SDP’s National Publicity Secretary, Araba Rufus Aiyenigba, and made available to News360 Nigeria.

The statement emphasized the party’s commitment to transparency and accountability.

It reads, “The decision followed resolutions made by members of the National Working Committee (NWC), where overwhelming evidences were presented linking the suspended officials to a series of unauthorized financial transactions, personal enrichment schemes, and movement of funds from the party’s accounts without any approvals of the NWC.

“This development first came to light when it was discovered that the National Chairman had sent an unauthorised Financial Statement to INEC as demanded from all political parties.

“A summary of the fraudulent account was also published in the Newspapers. When the NWC got to know this, it made a resolution to report the fraudulent abnormalities to law enforcement agencies.

“The action of the NWC to suspend the National Chairman and two members of the NWC involved in the gross financial misconduct will also demonstrate to the general public that the Party, generally esteemed by Nigerians as a disciplined party and a credible alternative political platform for national redemption has zero tolerance for corruption and abuse of office.”

According to Aiyenigba, “The decision to suspend the National Chairman and other implicated NWC members is to allow for a thorough, investigation. Our integrity as a political party must be upheld at all times,” the statement read.

“An interim investigative panel has been constituted to audit all financial records and recommend further disciplinary or legal actions.

“In the interim, the Deputy National Chairman (North), Dr. Sadiq Umar Abubakar has assumed leadership of the party as Acting National Chairman as per the provisions of the Constitution of the party.”

Aiyenigba alleged that “the misappropriated funds amount to hundreds of millions of naira, including donations and resources realised from the sales of nomination forms in the 2023 general elections and other funds from the party accounts.

“The suspension of these officers has been communicated to the Independent Electoral Commission (INEC) and all relevant agencies.”

He said that “the suspension of Alhaji Shehu Musa Gabam, Nze Nnadi Clarkson, and Uchechukwu Ogbonna Chukwuma takes immediate effect.”