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National Rifle Association President Oliver North said Saturday that he won’t serve a second term as the leader of the gun-rights group.

The resignation appears to be the culmination of an internal power struggle among the leadership that has recently engulfed the group, which reached a crescendo on Friday when the NRA’s executive vice president Wayne LaPierre, the effective public face of the organization, accused North of pressuring him to resign.

In a letter read out by a board member Saturday, North said: “Please know I hoped to be with you today as NRA president endorsed for reelection. I’m now informed that that will not happen.”

He said that the NRA should form a committee to probe the group’s finances, adding that it represents a “clear crisis” that “needs to be dealt with” if the organization wants to remain a viable organization.

NRA EXEC WAYNE LAPIERRE ALLEGES OLIVER NORTH TRYING TO FORCE HIM OUT

In a separate letter dated Thursday to NRA board members, LaPierre said North asked him to resign on Wednesday. North told LaPierre the NRA’s longtime advertising firm, Ackerman McQueen, planned to send a letter to the board through North that would be “bad for me” unless he resigned.

In this May 4, 2018 photo, former U.S. Marine Lt. Col. Oliver North speaks before giving the Invocation at the National Rifle Association-Institute for Legislative Action Leadership Forum in Dallas. The NRA announced today that North will become President of the National Rifle Association of America within a few weeks, a process the NRA Board of Directors initiated this morning. (AP Photo/Sue Ogrocki)

National Rifle Association President Oliver North said Saturday that he won’t serve a second term as the leader of the gun-rights group.
(AP)

“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,” the letter, which was obtained by the Wall Street Journal, read. “I refused it.”

He added that North said “the letter would not be sent — if I were to abruptly resign,” noting that “He stated that he could ‘negotiate’ an ‘excellent retirement’ for me.”

The Daily Beast reported Saturday that the organization had also suspended its top lawyer, Steve Hart, although it was not immediately clear why. Meanwhile, NPR reported that the organization's membership opposed an executive session of the meeting and a secret session without the media present.

A lawsuit filed by the NRA against Ackerman last month claims the company overbilled the group and that North had a conflict of interest because Ackerman paid him.

LaPierre accused North of having “contractual and financial loyalties” to Ackerman in addition to his criticism that the NRA’s messaging has moved too far from the original mission of gun safety and the outdoors.

NRA BESET BY INFIGHTING OVER WHETHER IT HAS STRAYED TOO FAR

“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 in his letter on Thursday to the board. “We’ve met extraordinary resistance from one vendor -- Ackerman McQueen.”

North’s reign at the organization lasted less than a year and shows the NRA’s internal support for LaPierre who became a symbol of gun-rights movement in the U.S. after being the public face of the group and its policies for decades.

“Wayne has the confidence of a strong majority of the board,” Todd Rathner, a board member from Arizona, told the Associated Press.

“They trust him. They know that he’s the face of the NRA. And quite frankly I think that anybody that wants to remove him, they’re going to have to get through this board first.”

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The turmoil in the organization played out as it held its 148th annual conference in Indianapolis, with President Trump headlining the convention Friday and promising to protect gun rights in the 2020 elections and oppose gun-control efforts by Democrats.

Fox News’ Louis Casiano and the Associated Press contributed to this report.