It would be recalled that the national Chairman of the party had in a news conference on Jan. 25 said "the party too is suffering from the stresses and strains of funding".
The All Progressives Congress (APC) has expressed shock over some media reports insinuating that the party is broke.
The party's National Secretary, Mai Mala Buni said this in a statement issued in Abuja on Tuesday by Mr Edegbe Odemwingie, the party's Assistant Director (Publicity).
"The APC is not broke as erroneously reported.
"The concerned news media had unfairly and unethically twisted and misrepresented comments by the party's National Chairman, Chief John Odigie-Oyegun," the statement said.
READ: APC is broke - Oyegun
It would be recalled that the national Chairman of the party had in a news conference on Jan. 25 said "the party too is suffering from the stresses and strains of funding just like every institution in our polity.’’
"That also goes to tell you that we are not a party that withdraws money from security votes or from any government agency.
"We are working on plans to raise money from within the membership. That plan has matured and will soon be put into operation."
The chairman had during that event refuted reports that it had written to the president for bailout, saying it was planning to generate funds from within the party.