The African Democratic Congress (ADC) has accused President Bola Tinubu of diverting Federation Allocation Accounts Committee (FAAC) funds to finance his 2027 re-election campaign, describing the alleged action as “shameless, cruel, and criminal.”
Reacting to reports alleging that governors elected on the platform of the All Progressives Congress diverted funds from the Federation Account Allocation Committee to support Tinubu’s second-term ambition, the opposition party said millions of Nigerians were sinking deeper into poverty and hopelessness due to the policies of the ruling party.
In a statement issued by its National Publicity Secretary, Bolaji Abdullahi, the ADC said allegations that more than N800 billion was raised through deductions from FAAC allocations for political purposes confirmed long-standing suspicions about the APC administration.
According to the party, while the government continued to urge Nigerians to endure the hardship caused by its economic reforms, public resources were allegedly being converted into a political “war chest” ahead of the 2027 elections.
The ADC described it as morally indefensible that state governments receiving record-high allocations had failed to improve citizens’ welfare despite the huge inflows.
“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,” the statement read.
“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 party further argued that if the allegations published by THEWILL were true, the development amounted to direct theft of resources meant for Nigerians.
“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 ADC stated.
“To divert public allocations into political accounts while citizens cannot afford food is wickedness on an industrial scale.”
The party said the allegations explained why many APC governors appeared more focused on political calculations than governance despite unprecedented revenues following the removal of fuel subsidy and currency devaluation policies.
The ADC also accused the government of turning governance into “a fundraising machine for 2027” while Nigerians struggled with inflation, insecurity, unemployment, and declining purchasing power.
The opposition party called for an independent investigation into the allegations, including the reported use of FAAC deductions and related accounts 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 added.
“If these allegations are true, then this represents a dangerous abuse of public trust and a scandal of enormous national consequence.”
