Politics Major Cash Crunch Hits PDP

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According to PUNCH Newspaper, the Peoples Democratic Party, PDP is broke and may be forced to sack 50% of its staff.

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In a memo to all directors and staff, National Secretary of the party, Prof. Wale Oladipo, reportedly communicated the decision of the NWC to sack 50% of its workers.

In the memo titled, ''Re-organisation and restructuring of staff at the national secretariat of the Peoples Democratic Party'', Oladipo said, the report “on the reorganisation and restructuring of staff at the national secretariat” and decisions was approved at the latest NWC meeting.

The decisions of the NWC includes, “reduction of the allowance of all NWC members by 50 per cent and reduction in the number of security personnel attached to the national officers by 50 per cent.”

Other include “reduction of the salaries and allowances of all staff (Establishment and Staff of NWC members) by 50 per cent, effective August, 2015.

“Abolition of Research Directorate and transfer of its functions to the Peoples Democratic Institute.”
 
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