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    HomeNewsEx-SDP Chairman, Gabam, two others remanded over alleged fund mismanagement

    Ex-SDP Chairman, Gabam, two others remanded over alleged fund mismanagement

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    ‎By Teddy Oscar Chukwugekwu

    ‎A former National Chairman of the Social Democratic Party (SDP), Shehu Gabam, was remanded in Tuesday over alleged criminal misappropriation of funds, breach of trust and forgery involving party funds by an FCT Chief Magistrates Court.

    ‎Gabam was arraigned before Chief Magistrate Amauche Onyedium alongside Chukwuma Ogbonna and Uchechukwu in suit No. DCC/10/2026.

    ‎The direct criminal complaint was instituted by the current SDP National Chairman, Sadiq Abubakar, under relevant provisions of the Administration of Criminal Justice Act (ACJA), 2015.

    ‎When the matter came up, counsel for the complainant informed the court that the prosecution needed time to respond to the bail application filed by the defendants.

    ‎The court subsequently admitted Mr Gabam to N3 million bail with two sureties who must possess landed property in Abuja.

    ‎The court also ordered the defendant to deposit his passport with the court registrar pending the determination of the case.

    ‎Onyedium thereafter adjourned the matter until May 25 for further hearing.

    ‎Speaking after the proceedings, Mr Abubakar said the party was compelled to approach the court after petitions submitted to relevant agencies allegedly failed to attract action.

    ‎He alleged that the party had earlier submitted bank statements and financial records to the Independent National Electoral Commission (INEC), urging the commission to investigate the alleged financial infractions.

    ‎According to him, an audit report prepared under the former leadership indicated that the party generated only N32 million during the period under review, out of which nearly N31 million was allegedly mismanaged.

    ‎Abubakar, however, alleged that party officials later uncovered documents linked to two bank accounts allegedly showing transactions amounting to about N740 million.

    ‎He said the discovery raised concerns within the party over transparency and accountability in the management of party funds.

    ‎The SDP chairman further alleged that petitions were submitted to the Nigeria Police Force, the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC), and the State Security Service (SSS).

    ‎He, however, alleged that no concrete action was taken by the agencies.

    ‎According to him, the party thereafter initiated direct criminal proceedings before the court.

    ‎Recall that the SDP on June 24, 2025 suspended Mr Gabam, national youth leader Ogbonna Uchechukwu and national auditor Clarkson Nnadi over alleged misconduct and financial impropriety.

    ‎An independent disciplinary committee was subsequently constituted to investigate the allegations and later submitted its report to the party leadership.

    ‎The party’s National Working Committee (NWC) later adopted the committee’s white paper and announced the expulsion of Messrs Gabam and Uchechukwu over alleged gross misconduct and abuse of office.

    ‎Some SDP state chairmen also backed the expulsions and accused the former leadership of allegedly diverting close to N1 billion belonging to the party.

    ‎The current SDP leadership maintained that the court action was aimed at restoring accountability, transparency and discipline within the party.

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