Missing $12.4bn: ADC Asks Tinubu to Explain Nigeria’s Unaccounted Funds

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

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.

ADC Asks Tinubu to Explain $12.4bn External Accounts Gap

The African Democratic Congress (ADC) has challenged President Bola Tinubu to explain a $12.4 billion (about N16.5 trillion) gap in Nigeria’s external accounts identified in the World Bank’s October 2026 Nigeria Development Update. The party said the discrepancy demanded urgent clarification, particularly as millions of Nigerians grapple with rising living costs and worsening economic hardship. […] ADC Asks Tinubu to Explain $12.4bn External Acc…