The presidential candidate of the Labour Party (LP), Peter Obi, has accepted the resignation of Doyin Okupe as Director-General of the party’s presidential campaign council.

Okupe announced he was stepping down on Tuesday, following a judgment of a federal high court which convicted him of money laundering.

The court sentenced him to two years imprisonment, but with option to pay a N500,000 fine on each of the counts, which totalled N13 million.

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Okupe opted to pay the fine after the sentencing.

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In a letter addressed to Okupe, Obi acknowledged receipt of the letter.

“Dear Elder Brother Doyin, I received your letter offering to step aside in order to avoid any distraction to the good work of trying to forge a new direction for our country, on board of which you have been from inception.

“It is a decision which I respect,” Obi wrote.

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He added: “It is my sincere hope that the legal system would afford Okupe an opportunity to eventually clear his name.”