The African Democratic Congress (ADC) has demanded that President Bola Tinubu clarify a $12.4 billion discrepancy in Nigeria’s external accounts, as identified by the World Bank. The amount represents nearly a quarter of the country’s 2026 federal budget, which totals N68.32 trillion. The ADC accused the Tinubu-led government of failing to account for the missing funds, raising concerns over financial transparency.
The report, released by the World Bank, highlights a significant gap in Nigeria’s external financial records. The ADC, a political party, has called on the government to provide an immediate explanation for the unaccounted funds. The party’s spokesperson, Chuks Okocha, stated that the missing money could have serious implications for national development and public trust.
This issue comes amid heightened political tensions in Nigeria. The ADC is currently running its presidential candidate, Atiku Abubakar, for the 2027 elections. The party has also criticized former Kano State Governor Rabiu Musa Kwankwaso for allegedly supporting President Tinubu’s political agenda. The ADC accused Kwankwaso of acting in Tinubu’s interest, which it claims undermines the integrity of the upcoming election.
The controversy over the missing funds has intensified scrutiny on the Tinubu administration’s financial management. The ADC’s call for transparency follows a series of allegations about mismanagement and corruption in the Nigerian government. The situation reflects broader challenges in maintaining fiscal accountability in a country grappling with economic instability and political rivalry.
