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₦20 Trillion Is Missing From Nigeria's Federation Account – Olisa Agbakoba

Should the National Assembly set up a probe panel?
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If 774 Local Governments actually got their full share without these ‘deductions,’ our villages would have better roads than some cities.

Wait o, so the Minister of Finance admitted she couldn’t see the full balance sheet until August 2024? This is like a pilot telling passengers he just realized where the fuel gauge is mid-flight. God help us!

The Constitution is the problem and the solution. We need a ‘Constitutional Amendment’ specifically for the Federation Account. No more executive memos!

This is why our universities are always on strike. The money for ASUU is sitting in an ‘unauthorised parallel account’ somewhere in Cayman Islands or a hidden sub-account.

N14.94 trillion ‘deducted’ before it reached the Federation Account? That’s not a deduction; that’s a heist! If I deduct 40% of my wife’s feeding money before giving it to her, there will be war in the house. Why are we silent?

This post should be printed and pasted on the door of every church and mosque. Instead of praying for ‘financial breakthrough,’ let’s pray for ‘Section 162 Reform’.

Imagine if your employer tells you ‘I earned N1m for your work, but I deducted N400k for ‘management fees’ before paying your salary.’ You would quit. Nigeria is that employer.

Tagging my Senator @SenKalu… Sir, please read this. Stop talking about ‘constituency projects’ and start talking about the Federation Account. That’s where the real project is.

70 kobo out of every 1 Naira goes to debt? No wonder my salary is finished before it even enters my account. The government is basically a ‘working corpse’ living on loans.

I’m sharing this to my family WhatsApp group. We need to stop arguing about tribe and start asking ‘Where is our money?’ Revenue doesn’t have a tribe.

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