Following the closure of Citizens Coalition for Change (CCC) Steward bank account, CCC has decided to reopen another account under an independent Bank Trust.
According to a highly placed source within the opposition camp, the CCC leadership intends to reopen the Steward bank account using a separate trustee not linked to that party. This follows fallout with the previous Bank Trustee due to that party’s lack of transparency in their financial dealings.
The same source added that the fallout between the CCC leadership and the previous Bank Trustee led the latter to withdrawing from the arrangement resulting in the bank account being closed. Source further revealed that the Bank Trustee indicated his unwillingness to be sucked up in fraudulent dealings that would get him on the wrong side of the law.
“CCC’s previous Bank Trustee withdrew from handling the party’s operations due to the lack of transparency by the CCC leadership. The Bank Trustee lost favour with the CCC leadership because he demanded accountability for monies withdrawn. This led to a conflict between the Bank Trustee and the CCC leadership leaving the Bank Trustee with no choice but to withdraw.
The closure of the bank account left CCC with serious financial problems desperate for another Bank Trustee who could assist to reopen another party account,” said the source.
Furthermore, the same source revealed that CCC leadership had been using the same Bank account to receive funding from foreign sources in direct violation of the Political Parties Finance Act, which prohibits foreign funding for local political parties. According to the Act, any political party that is funded or capacitated by any foreign government to contest elections or grab political power would be committing treason.
In other news-Aston Villa fans give their reaction on Nakamba
Aston Villa fans have given their reaction after Marvelous Nakamba helped Luton Town win promotion to the Premier League in the Championship play-off final.
The Hatters overcame Coventry City in a penalty shootout at Wembley Stadium to complete a fairytale story and book their place in the Premier League next season. It means that the club will be visiting Villa Park.
The 29-year-old is on loan at Luton from Villa, having moved to the second tier side at the end of the January transfer window. After making 58 Premier League appearances for Villa over three seasons, he has excelled in the Championship with Luton, who finished third in the league. Learn more