PDP to unveil a Ponzi scheme like membership packages

PDP to unveil a Ponzi scheme like membership packages

A faction of Nigeria’s opposition party, People’s Democratic Party, PDP might be creating a Ponzi scheme like membership.

Apart from the leadership crisis rocking the party, the party is also starved of funds after loosing the presidential election in 2015.

To get the needed funds, a faction of the party has come up with a membership model that is very similar to multi level marketing and even Ponzi schemes in return for promised positions within and outside the party, political benefits plus other perks.

According to a report by Punch Newspapers, the new membership structure has been developed and the document is being shared nationwide to members. See below;

Gold, Silver, Standard and Students in Tertiary Institutions.

According to the report, male members of the party who desire to be Platinum members are to pay N500,000 a year or N50,000 monthly instalments while women are to pay half the amount.

The benefits accruing to those in this category include “opportunities to attend the expanded national caucus meetings of the party, be invited to social and political events of the party with the President of the Federal Republic of Nigeria and the national chairman of the party.”

Members in this category are also to contribute and participate in the formulation of key policy decisions for the next general election.

“Consideration shall be given to platinum card-carrying members for appointment into boards of Federal Government-owned parastatals, agencies, ministerial appointments as well as other benefits that accrue to the party,” the report says.

Other perks, the report says, “are inclusive, but not limited to procurements, contracts and projects (awards) at all levels of the party governance structure.”

For those in the diamond category, they are expected to pay N250,000 (men) or N200,000 (women) annually to the party.

The document also states that diamond card-carrying members will enjoy most of the privileges associated with those in the Platinum group.

The report adds that those in diamond category “will (however) not be eligible for consideration into the membership of Board of Trustees as well as contest for the position of President and national party offices as the national chairman, deputy national chairman and national secretary.”

Gold card members will be expected to pay N200,000 (men) or N100,000 (women) minimum a year. They are expected to enjoy the benefits accruing to those in the diamond card category.

Holders of Silver cards in the party, according to the document, are expected to contribute N100,000 (men) or N50,000 (women) per annum to the party.

But they will not enjoy contracts from the government or be allowed to contest for national offices or be considered for appointment as ministers.

However, Silver members may be considered for commissionership appointments as well as other benefits that may accrue to the party such as “procurements, contracts and projects” at the state levels of the party’s governance structures.

Members who cannot afford to part with the sums quoted above will be asked to cough out N3,000 (men) and N2,000 (women) annually. However, they will only be allowed to contest for public posts at the local government and ward levels. Those in this category are called “Standard membership” card holders.

Student membership is planned to be free, but the document says it will be limited to “students in tertiary institutions approved by the Federal Ministry of Education.”

There no guarantee as to how PDP will ensure members who subscribe to these membership packages will get the benefits. Also, the legality of the new model is not also certain.

Before it lost the presidential elections, the PDP has been widely accused of lack of transparency with its finances.

The party openly received donations from businessmen and other politicians before the 2015 elections.