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World Bank Report: Peter Obi Raises Alarm Over Missing ₦34.44 Trillion, Demands Accountability.
Former presidential candidate, Peter Obi, has expressed concern that Nigeria is generating more revenue but losing a significant portion due to leakages.....KINDLY READ THE FULL STORY HERE▶
In a post on his account on Saturday, Obi cited a World Bank report indicating that the country earned about ₦84 trillion in federation revenue over the past three years.
He, however, alleged that 41 per cent of the funds—estimated at ₦34.44 trillion—was not remitted into the Federation Account.
Obi pointed out that the amount is higher than the combined ₦34 trillion allocated for capital projects in the 2024 and 2025 budgets, stressing that it highlights the scale of the problem.
He warned that the situation reflects deep-rooted issues in public finance management, which continue to deny key sectors like healthcare, education, and infrastructure the funding they need.
The former Anambra governor called for increased transparency and accountability, urging authorities to channel public funds toward national development priorities.
He described the development as alarming, saying it suggests a pattern of systemic corruption and inefficiencies within the system.
Obi added that despite rising national earnings, the country is struggling to invest adequately in critical sectors, noting that deductions by agencies have further worsened the situation.
A tragic multiple-vehicle crash in Bauchi State has left eleven people dead and several others injured in varying degrees of severity.....KINDLY READ THE FULL STORY HERE▶
Brazil’s President has called on global powers to reconsider their strategies after saying they have failed to end the ongoing conflict in the Middle East.....KINDLY READ THE FULL STORY HERE▶
Speaking at a summit of progressive leaders in Barcelona, Luiz Inácio Lula da Silva urged the five permanent members of the United Nations Security Council to adopt a new approach and take stronger responsibility for maintaining global peace.
He also criticised U.S. President Donald Trump for his frequent social media posts directed at Iran.
“We cannot wake up every morning and go to bed every night with a tweet from a president threatening the world and declaring wars,” Lula said.
APC Fires Back at Adeleke Over ₦300bn LG Funds Allegation, Blames Governor for Salary Crisis....KINDLY READ THE FULL STORY HERE▶
The Osun State Chapter of the All Progressives Congress (APC) has responded to claims by Governor Ademola Adeleke that local government officials under the party diverted about ₦300 billion meant for workers’ salaries.
Adeleke had made the allegation during a stakeholders’ meeting, accusing APC-controlled council officials of hijacking funds and forcing the state government to shoulder salary payments for local government workers, teachers, health staff, and pensioners for over a year.
He insisted he would not abandon workers, blaming the situation for delays in executing some state projects.
But in a statement, APC’s Director of Media and Information, Kola Olabisi, dismissed the claims, accusing the governor of misleading the public and shifting blame.
The party alleged that Adeleke was responsible for the salary issues, claiming he refused to release electronic payment vouchers and other financial documents needed for processing payments.
APC also said pension-related records, leave bonuses, cooperative deductions, and other financial data had not been made available despite repeated appeals, insisting that funds were properly accounted for and available for use if approved.
The party urged pensioners and workers to seek clarification, insisting the situation could be resolved if the governor allowed due process to take place.
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