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ADC Demands Probe Into Alleged Use Of FAAC Deductions To Fund Tinubu’s 2027 Campaign

Chibuzo Ukaibe by Chibuzo Ukaibe
2 months ago
in Politics
ADC

ADC

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The African Democratic Congress (ADC) has called for an independent investigation into allegations that governors elected on the platform of the ruling APC diverted funds from the Federation Account Allocation Committee (FAAC) to finance President Bola Ahmed Tinubu’s re-election campaign ahead of the 2027 elections.

In a statement issued on Tuesday by its National Publicity Secretary, Bolaji Abdullahi, the ADC described the alleged diversion of over N800 billion from FAAC allocations as “shameless, cruel, and criminal,” particularly at a time millions of Nigerians are battling worsening economic hardship.

The opposition party said the allegations confirm long-standing suspicions among Nigerians that while the administration continues to ask citizens to endure the pain of its economic reforms, public resources are allegedly being converted into a political war chest for future elections.

According to the statement, “Under this APC government, states are receiving more money than at any other period in Nigeria’s history, yet Nigerians are poorer, hungrier, and more desperate than ever before. Roads are still collapsing. Hospitals are still empty. Schools are still underfunded. Workers are underpaid. Communities remain unsafe. The only thing growing is the political appetite of the ruling party.”

The ADC stated that if the allegations reported by THEWILL are true, the action amounts to “political corruption” and “a direct theft of resources belonging to the Nigerian people.”

“FAAC allocations are meant for development, salaries, healthcare, education, infrastructure, security, and the welfare of citizens, not for financing the re-election plans of one man,” the statement read.

“To divert public allocations into political accounts while citizens cannot afford food is wickedness on an industrial scale.”

The party argued that the revelations explain why many APC governors appear more focused on political calculations than governance despite the increase in allocations to states following fuel subsidy removal and currency devaluation policies.

“These revelations explain why many APC governors appear more interested in political calculations than governance, despite unprecedented inflows into state coffers following subsidy removal and currency devaluation policies that have inflicted severe hardship on Nigerians,” the ADC said.

The opposition party further accused the government of hypocrisy, saying the same administration that claimed there was insufficient money to cushion the suffering of citizens allegedly mobilised over N800 billion for political activities.

“The same government that told Nigerians there is no money to reduce suffering somehow found a way to allegedly mobilise over N800 billion for politics,” the statement added.

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“The same government asking citizens to endure sacrifice is allegedly supervising one of the largest political funding operations in Nigeria’s democratic history. This is not leadership. This is exploitation.”

The ADC maintained that governance under the APC had become “a fundraising machine for 2027” while Nigerians continue to grapple with inflation, unemployment, insecurity, declining purchasing power, and rising poverty levels.

The party demanded “an immediate independent investigation into the allegations, including the reported use of FAAC deductions and any related accounts or structures allegedly linked to the operation.”

“Nigerians deserve to know whether money belonging to states and local governments was diverted for partisan political purposes,” the statement said.

“If these allegations are true, then this represents a dangerous abuse of public trust and a scandal of enormous national consequence. No amount of political spending can save a government that has lost the confidence of the people.”

The ADC concluded by warning that Nigerians would hold leaders accountable for policies and actions that worsen the suffering of citizens.

“You cannot impoverish the people to fund your own re-election. Nigerians are not blind. Nigerians are not fools. And Nigerians will remember,” the party stated.

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Chibuzo Ukaibe

Chibuzo Ukaibe

Chibuzo Ukaibe is a political journalist with Leadership Newspaper, with specialist coverage of political parties, the National Assembly, and the Electoral Commission.

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