Oliver North: 'Informed' I will not be renominated NRA president

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JUST IN: National Rifle Association President Oliver North told NRA members he will not be renominated president of the group following a dispute with its CEO Wayne LaPierre.

The announcement was made in a letter read Saturday during the NRA convention being held in Indianapolis, NRA officials confirmed to CNN.North said in the letter that he hoped he would be renominated for a second term but,"I am now informed that will not happen," according to a video of the letter being read. There was a vote scheduled for Sunday to choose the president.North, a central figure in the Iran-Contra scandal, was selected last year to be the NRA's president.

The dispute between LaPierre and North originated in part from a dispute between the NRA and contractor Ackerman McQueen Inc., an ad agency which runs NRATV, its online media service. That resulted in a lawsuit filed earlier this month by the NRA.In the lawsuit, the NRA claimed Ackerman McQueen did not justify its billings with records, according to the Journal. Ackerman McQueen called the lawsuit"frivolous" and"inaccurate," the Journal reported.

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