Atiku alleges ₦8.8tn off-budget spending, demands probe of Tinubu administration

Nigeria's former Vice President Atiku Abubakar has called for an immediate investigation into the current administration's alleged spending of ₦8.8 trillion outside the official budget. Abubakar stated that these findings are based on the latest International Monetary Fund (IMF) Article IV consultation report on Nigeria.

In a statement released on his verified Facebook page, Abubakar detailed his concerns regarding what he described as "off-budget public expenditure." He asserted that the scale of this alleged spending requires urgent scrutiny to ensure fiscal transparency and accountability within the government.

The allegations emerge in the wake of the IMF's recent assessment of Nigeria's economy. The consultation typically reviews a country's economic and financial policies. Abubakar's demand suggests that the IMF report contains specific details or indicators pointing to unauthorized financial activities by the Tinubu administration.

Abubakar, a prominent opposition figure, has been critical of the current government's economic policies. His call for a probe underscores the ongoing political tensions and scrutiny surrounding the management of Nigeria's public finances. The demand for an investigation places pressure on the administration to address these serious fiscal allegations.

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Former Vice President Atiku Abubakar has called for an immediate investigation into what he described as alleged off-budget public expenditure amounting to about ₦8.8 trillion, following findings contained in the latest International Monetary Fund (IMF) Article IV consultation on Nigeria.