Tonight Mr Banks said he wants to see the immediate suspension of the party’s national executive committee.
And he said he wants Neil Hamilton and Douglas Carswell kicked out – otherwise he will leave.
He said: “Elections need to be held for both a new leader of the party as well as the NEC.
“People say that UKIP is split down the middle between two camps.
“This is incorrect.
“The Tory troublemakers and fifth columnists represent a small minority in our party, yet they use any opportunity they can do undermine those working tirelessly to hold the governments feet to the flames. “This ends today.
“If Neil Hamilton and Douglas Carswell remain in the party, and the NEC decide that Steven Woolfe can not run for leader, I will be leaving UKIP.
“People have worked too long and too hard to get UKIP to where it is today, but it is clear that we ourselves, are at breaking point.”
I was shocked listening to Mr Hamilton today on sky and what help our Tory MP turned out we would be better off without him.