The Federal Government on Sunday refuted allegations of grand corruption in the president Bola Tinubu’s administration as alleged by Peter Obi, Nigeria Democratic Congress (NDC) presidential candidate for the 2027 general election.
Writing on his X handle while responding to what he described as “the barrage of corruption cases” during this administration, Obi said that “grand corruption has become Nigeria’s greatest threat.”
According to the former Anambra State governor, “The recent report from the IMF consultation further raises concerns about the scale of grand corruption under the Tinubu government. The IMF now reveals that about N8.83 trillion in expenditure undertaken in 2025 is not reflected in the budget. This expenditure is not budgeted and is therefore outside legislative oversight or administrative scrutiny.”
Read also: Obi renews call for Tinubu to resign after IMF flags unbudgeted spending
However, Taiwo Oyedele Honourable Minister of Finance and Coordinating Minister of the Economy Federal Republic of Nigeria in a statement in Abuja insists that the Federal Government does not operate a “shadow budget” or expend public funds outside the constitutional and statutory framework established for public finance.
