ADC asks Tinubu to explain Nigeria’s missing $12.4 billion
By the AFREEQUE newsroom, based on Vanguard
The African Democratic Congress is asking President Bola Tinubu to explain a $12.4 billion discrepancy in Nigeria’s external accounts. The World Bank links the gap in part to oil revenues not repatriated, while the party is seeking information on the management of revenues, according to Vanguard.
The opposition African Democratic Congress (ADC) is asking Nigerian President Bola Tinubu to explain a $12.4 billion discrepancy in Nigeria’s external accounts identified by the World Bank, Vanguard reports. The party is seeking explanations in particular about oil export revenues and other foreign currency inflows.
The ADC says the sum represents nearly a quarter of Nigeria’s 2026 federal budget of 68.32 trillion naira. Its national publicity secretary, Bolaji Abdullahi, said the government must account for the discrepancy as the rising cost of living weighs on households, according to Vanguard.
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Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
