APC is broke! PHCN disconnects party’s National headquaters over N1.2m debt


The All Progressives Congress APC, National Headquarters located at Blantyre Street, Wuse 11 Abuja,  is currently in darkness,  as the Abuja Electricity Distribution Company has disconnected electricity supply to the party’s office for owing  N1.2m debt.



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It was learnt in Abuja, on Monday, that the AEDC is seeking a balance of N1.2m after the party paid N.5m out of the outstanding N1.7m debt accumulated over time.

A copy of the receipt of payment of the N.5m pasted at the entrance of the party secretariat indicated that the payment was made on October 24, 2016 via a Zenith Bank cheque, with deposit slip number: 316088.

The document also has PHCN receipt number: 0024102016000 and payment reference number: ZIB/PHCN/24-10-2016 with the (original) customer name written as the Nigeria Export Promotion Council clearly written out.

None of the party officials was willing to speak on the record about the issue because “it is too embarrassing.”

However, a high ranking party member who spoke in confidence with Punch:  “You know the country is in recession. We are not immune to the funding challenges facing other sectors of the Nigerian economy.

“In fact, I think Nigerians will now know that this is a departure from the immediate past because we are the governing party it does not mean we can dip our hands into the national treasury to meet our obligations.”

The source was however silent on what happened to funds generated from the sales of expression of interest and nomination forms for the Edo and Ondo states governorship elections estimated to be in excess of N100m.

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