His announcement Sunday follows weeks of high profile defections from his government to the opposition.
O'Neill said in a news conference in the capital of Port Moresby that recent movements in parliament have shown a"need for change." He handed over his leadership to a former prime minister and current member of parliament, Sir Julius Chan. On Friday, one of O Neill's key coalition allies abandoned him. The opposition bloc has since been saying it has 62 lawmakers in its camp, which would give it a majority in parliament.
The resignation will be formalized when O'Neill visits the governor-general, the official representative of Queen Elizabeth II.
Thanks. Most corrupt PM ever.
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