Missing $12.4bn: ADC asks Tinubu to explain Nigeria’s unaccounted funds

By Luminous Jannamike
The African Democratic Congress (ADC) has challenged President Bola Tinubu to explain a $12.4 billion discrepancy in Nigeria’s external accounts identified by the World Bank, saying the amount is equivalent to nearly a quarter of the country’s N68.32 trillion 2026 federal budget.
The party said the discrepancy demands urgent answers, especially as Nigerians battling rising living costs are forced to account for every naira while the government faces questions over the country’s foreign earnings.
In a statement by its National Publicity Secretary, Bolaji Abdullahi, the ADC said Tinubu must account for the gap and disclose how oil export earnings and other foreig...