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Oliver North says he won’t serve 2nd term as NRA president

Indianapolis • 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.