The National Chairman of the Labour Party, Mr Dan Nwanyanwu, has announced his resignation as the party’s chairman.

After having a closed door meeting with the party’s National Working Committee on Wednesday in Abuja, Mr Nwanyawu told reporters that his decision to resign was personal.

When asked further if he was bowing out of office to join another political party along with the Ondo State Governor, Olusegun Mimiko, who party sources said was still negotiating whether to remain in the party or not, Mr Nwanyanwu said he believed in the party’s ideologies.

He, however, urged the public not to read meanings into their decisions.

“I am not leaving to join another political party. I am only leaving because I feel it is time for other persons to come and contribute to the development and growth of the party. That is why I am leaving. People should not read meaning into this,” he said

His resignation is coming few weeks to the party’s third National Convention, where new leaders would be chosen, which holds on October 4.