From Newsmax

Retired Lt. Col. Oliver North said Saturday that he will not serve a second term as the president of the National Rifle Association amid inner turmoil in the gun-rights group.

In a statement read to members of the group Saturday, North said he believes a committee should be set up to review the NRA’s finances. North was not present at the meeting when the statement was read by Richard Childress, the NRA’s first vice president.

“There is a clear crisis and it needs to be dealt with” if the NRA is to survive, North’s statement said.

His announcement came after an effort by some members to force out top executive Wayne LaPierre, who has long been the public face of the group.

LaPierre sent a letter to board members Thursday saying that North was trying to push him out by threatening to release “damaging” information about him to the board.

North, best known for his role in the Iran-Contra scandal of the 1980s, is nearing the end of his first one-year term. His announcement that he will not serve a second term is a clear sign that his efforts to force out LaPierre have failed.

LaPierre sent a letter to NRA board members on Thursday detailing what he described as a attempt by North to extort him into resigning.

“Yesterday evening, I was forced to confront one of those defining choices — styled, in the parlance of extortionists — as an offer I couldn’t refuse,” LaPierre said in the letter. “I refused it.” The letter was posted online by The Wall Street Journal.

LaPierre said that North told him that the group’s longtime advertising firm Ackerman McQueen would send a letter that would be “bad” for him if he did not “abruptly resign,” but that the letter would not be sent if he did. LaPierre also said North “stated that he could ‘negotiate’ an ‘excellent retirement’ for me.”

The NRA last month filed a lawsuit against Ackerman McQueen saying the firm overbilled and that it has a conflict of interest with North.

“As you know, the NRA has over this past year taken steps to strengthen its efforts to document and verify compliance by our vendors with our purchasing practices and their contracts,” LaPierre wrote to the board. “We’ve met extraordinary resistance from one vendor — Ackerman McQueen.”

Fox News reported on the letter Friday and received no comment from North or Ackerman McQueen.

LaPierre got two standing ovations from the crowd of more than 1,000 NRA members before giving a scheduled speech after North’s announcement. He began by using standard NRA talking points, going after the mainstream media and lawmakers who seek to restrict gun rights. He did not mention his feud with North.

“Our enemies have sunk to new lows,” LaPierre said, blasting Gov. Andrew Cuomo of New York, where regulators have scrutinized NRA operations.

The NRA has sued the state, claiming its rights under the U.S. Constitution’s First Amendment are being violated. In an unusual pairing, the American Civil Liberties Union has joined the NRA in its fight.

NRA officials are concerned that regulators in New York — where its charter was filed — are attempting to strip the group of its nonprofit status.

LaPierre told the crowd that efforts to strip away the Second Amendment right to bear arms will fail.

“We won’t accept it. We will resist it. We won’t give an inch,” he said.

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