By George Omagbemi Sylvester
The African Democratic Congress (ADC) has accused President Bola Ahmed Tinubu and governors elected on the platform of the All Progressives Congress (APC) of allegedly diverting over ₦800 billion from Federation Account Allocation Committee (FAAC) funds for political activities ahead of the 2027 general elections.
The allegation surfaced on May 13, 2026, as the opposition party called for an independent investigation into what it described as suspicious withdrawals and spending patterns linked to federal allocations distributed to states.
The ADC claimed the funds were being redirected toward early political mobilisation rather than public development and economic relief.
Reacting to the claims, the Federal Government defended its ongoing fiscal and tax reform policies, insisting that the Tinubu administration was focused on improving revenue generation and reducing dependence on unsustainable borrowing.
Government officials argued that reforms introduced since 2023 were aimed at stabilising the economy and expanding national income.
The controversy emerged as reports also confirmed that Nigeria is seeking fresh external loans to support economic reforms and infrastructure financing, further intensifying debate over the country’s rising debt profile and public spending priorities.
Political analysts say the accusations reflect growing tension ahead of the 2027 elections, with opposition parties increasingly targeting federal allocations, borrowing, and economic management as major campaign issues against the ruling APC.
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