Atiku challenges FG over IMF’s ‘missing 2% GDP’, seeks probe



Former Vice President and African Democratic Congress presidential candidate, Atiku Abubakar, has challenged the Bola Tinubu administration to account for public expenditure omitted from Nigeria’s recent budgets,as flagged by International Monetary Fund.He described the development as evidence of “institutional corruption” at the highest levels of government.Reacting to the International Monetary Fund’s disclosure that Nigeria excluded public spending equivalent to two per cent of its Gross Domestic Product from recent budget documentation, Atiku said the revelation raises serious constitutional and accountability concerns that demand immediate investigation.In a statement issued on Saturday by his Senior Special Assistant on Public Communication, Phrank Shaibu, the former vice president argued that the omission could not be dismissed as an accounting error.“If, as the IMF has revealed, expenditure amounting to two per cent of Nigeria’s GDP was omitted from the budget process, then Nigerians are entitled to one simple question: Who stole the missing two per cent of our GDP?” he said.According to Atiku, “This is no longer an accounting discrepancy” but “a constitutional, legal and moral scandal.”“Money does not simply disappear from a national budget. Somebody authorised it. Somebody approved it. Somebody spent it. Somebody benefited from it. Nigerians deserve to know who those people are,” he stated.The ADC chieftain linked the IMF disclosure to the recent controversy surrounding the alleged Presidential Foreign Intervention Promotion Council, which the Presidency has denied establishing, arguing that both incidents point to a broader pattern of abuse of public institutions.He said it was troubling that while the Federal Ministry of Health reportedly received only ₦36 million in releases despite a budgetary allocation of more than ₦218 billion, the controversial agency allegedly received about ₦1.3 billion.“Nothing better illustrates the warped priorities of this administration than a government that starves hospitals and healthcare programmes of funds while ghost agencies somehow find billions waiting for them. This is not fiscal management; it is institutionalised corruption,” Atiku said.He also called on the Secretary to the Government of the Federation, Senator George Akume, to explain how the alleged agency gained official recognition within government processes.“The Secretary to the Government of the Federation owes Nigerians a duty of candour. He must come clean. The country deserves to know who authorised the recognition of the so-called Presidential Foreign Intervention Promotion Council and under whose directive government institutions accorded it official status,” he said.Atiku further referenced allegations made by Adeniyi Adeyemi, the principal figure linked to the controversy, who reportedly claimed that the dispute began after he refused a demand for a 48 per cent kickback from the Office of the Chief of Staff over a proposed ₦27.3 billion take-off grant for the agency.Related NewsTinubu media centre posts AI image of Remi Tinubu selling akaraWhy Atiku’s running mate is not from South-East — Kenneth OkonkwoPFIPC scandal: Atiku gives Tinubu seven-day ultimatum to order independent probeDescribing the allegation as too serious to ignore, Atiku called for an independent investigation.“If the allegations are false, let the government prove them through an open investigation. If they are true, then every official connected with this scandal, regardless of rank or office, must be removed immediately and handed over to the appropriate security agencies for prosecution,” he said.He further argued that the controversy comes at a time Nigerians are grappling with the effects of fuel subsidy removal, rising electricity tariffs, high inflation, multiple taxes and increasing public debt.“It is both ironic and cruel that citizens are being asked to make endless sacrifices while government itself cannot transparently explain where enormous public resources have gone,” he said.He urged the National Assembly, the Auditor-General of the Federation, the Public Accounts Committees of both chambers, the Economic and Financial Crimes Commission, and the Independent Corrupt Practices and Other Related Offences Commission to investigate the matter.Atiku maintained that the issue transcends partisan politics and strikes at the heart of constitutional governance and public accountability.“The books must be opened. Every naira must be traced. Every expenditure must be justified. Every official found culpable must be held accountable,” he said.He added that until the government provides a satisfactory explanation for the alleged off-budget spending, “every claim of transparency by this administration will ring hollow.”The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. He described the development as evidence of “institutional corruption” at the highest levels of government.Reacting to the International Monetary Fund’s disclosure that Nigeria excluded public spending equivalent to two per cent of its Gross Domestic Product from recent budget documentation, Atiku said the revelation raises serious constitutional and accountability concerns that demand immediate investigation.In a statement issued on Saturday by his Senior Special Assistant on Public Communication, Phrank Shaibu, the former vice president argued that the omission could not be dismissed as an accounting error.“If, as the IMF has revealed, expenditure amounting to two per cent of Nigeria’s GDP was omitted from the budget process, then Nigerians are entitled to one simple question: Who stole the missing two per cent of our GDP?” he said.According to Atiku, “This is no longer an accounting discrepancy” but “a constitutional, legal and moral scandal.”“Money does not simply disappear from a national budget. Somebody authorised it. Somebody approved it. Somebody spent it. Somebody benefited from it. Nigerians deserve to know who those people are,” he stated.The ADC chieftain linked the IMF disclosure to the recent controversy surrounding the alleged Presidential Foreign Intervention Promotion Council, which the Presidency has denied establishing, arguing that both incidents point to a broader pattern of abuse of public institutions.He said it was troubling that while the Federal Ministry of Health reportedly received only ₦36 million in releases despite a budgetary allocation of more than ₦218 billion, the controversial agency allegedly received about ₦1.3 billion.“Nothing better illustrates the warped priorities of this administration than a government that starves hospitals and healthcare programmes of funds while ghost agencies somehow find billions waiting for them. This is not fiscal management; it is institutionalised corruption,” Atiku said.He also called on the Secretary to the Government of the Federation, Senator George Akume, to explain how the alleged agency gained official recognition within government processes.“The Secretary to the Government of the Federation owes Nigerians a duty of candour. He must come clean. The country deserves to know who authorised the recognition of the so-called Presidential Foreign Intervention Promotion Council and under whose directive government institutions accorded it official status,” he said.Atiku further referenced allegations made by Adeniyi Adeyemi, the principal figure linked to the controversy, who reportedly claimed that the dispute began after he refused a demand for a 48 per cent kickback from the Office of the Chief of Staff over a proposed ₦27.3 billion take-off grant for the agency.Related NewsTinubu media centre posts AI image of Remi Tinubu selling akaraWhy Atiku’s running mate is not from South-East — Kenneth OkonkwoPFIPC scandal: Atiku gives Tinubu seven-day ultimatum to order independent probeDescribing the allegation as too serious to ignore, Atiku called for an independent investigation.“If the allegations are false, let the government prove them through an open investigation. If they are true, then every official connected with this scandal, regardless of rank or office, must be removed immediately and handed over to the appropriate security agencies for prosecution,” he said.He further argued that the controversy comes at a time Nigerians are grappling with the effects of fuel subsidy removal, rising electricity tariffs, high inflation, multiple taxes and increasing public debt.“It is both ironic and cruel that citizens are being asked to make endless sacrifices while government itself cannot transparently explain where enormous public resources have gone,” he said.He urged the National Assembly, the Auditor-General of the Federation, the Public Accounts Committees of both chambers, the Economic and Financial Crimes Commission, and the Independent Corrupt Practices and Other Related Offences Commission to investigate the matter.Atiku maintained that the issue transcends partisan politics and strikes at the heart of constitutional governance and public accountability.“The books must be opened. Every naira must be traced. Every expenditure must be justified. Every official found culpable must be held accountable,” he said.He added that until the government provides a satisfactory explanation for the alleged off-budget spending, “every claim of transparency by this administration will ring hollow.”The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. Reacting to the International Monetary Fund’s disclosure that Nigeria excluded public spending equivalent to two per cent of its Gross Domestic Product from recent budget documentation, Atiku said the revelation raises serious constitutional and accountability concerns that demand immediate investigation.In a statement issued on Saturday by his Senior Special Assistant on Public Communication, Phrank Shaibu, the former vice president argued that the omission could not be dismissed as an accounting error.“If, as the IMF has revealed, expenditure amounting to two per cent of Nigeria’s GDP was omitted from the budget process, then Nigerians are entitled to one simple question: Who stole the missing two per cent of our GDP?” he said.According to Atiku, “This is no longer an accounting discrepancy” but “a constitutional, legal and moral scandal.”“Money does not simply disappear from a national budget. Somebody authorised it. Somebody approved it. Somebody spent it. Somebody benefited from it. Nigerians deserve to know who those people are,” he stated.The ADC chieftain linked the IMF disclosure to the recent controversy surrounding the alleged Presidential Foreign Intervention Promotion Council, which the Presidency has denied establishing, arguing that both incidents point to a broader pattern of abuse of public institutions.He said it was troubling that while the Federal Ministry of Health reportedly received only ₦36 million in releases despite a budgetary allocation of more than ₦218 billion, the controversial agency allegedly received about ₦1.3 billion.“Nothing better illustrates the warped priorities of this administration than a government that starves hospitals and healthcare programmes of funds while ghost agencies somehow find billions waiting for them. This is not fiscal management; it is institutionalised corruption,” Atiku said.He also called on the Secretary to the Government of the Federation, Senator George Akume, to explain how the alleged agency gained official recognition within government processes.“The Secretary to the Government of the Federation owes Nigerians a duty of candour. He must come clean. The country deserves to know who authorised the recognition of the so-called Presidential Foreign Intervention Promotion Council and under whose directive government institutions accorded it official status,” he said.Atiku further referenced allegations made by Adeniyi Adeyemi, the principal figure linked to the controversy, who reportedly claimed that the dispute began after he refused a demand for a 48 per cent kickback from the Office of the Chief of Staff over a proposed ₦27.3 billion take-off grant for the agency.Related NewsTinubu media centre posts AI image of Remi Tinubu selling akaraWhy Atiku’s running mate is not from South-East — Kenneth OkonkwoPFIPC scandal: Atiku gives Tinubu seven-day ultimatum to order independent probeDescribing the allegation as too serious to ignore, Atiku called for an independent investigation.“If the allegations are false, let the government prove them through an open investigation. If they are true, then every official connected with this scandal, regardless of rank or office, must be removed immediately and handed over to the appropriate security agencies for prosecution,” he said.He further argued that the controversy comes at a time Nigerians are grappling with the effects of fuel subsidy removal, rising electricity tariffs, high inflation, multiple taxes and increasing public debt.“It is both ironic and cruel that citizens are being asked to make endless sacrifices while government itself cannot transparently explain where enormous public resources have gone,” he said.He urged the National Assembly, the Auditor-General of the Federation, the Public Accounts Committees of both chambers, the Economic and Financial Crimes Commission, and the Independent Corrupt Practices and Other Related Offences Commission to investigate the matter.Atiku maintained that the issue transcends partisan politics and strikes at the heart of constitutional governance and public accountability.“The books must be opened. Every naira must be traced. Every expenditure must be justified. Every official found culpable must be held accountable,” he said.He added that until the government provides a satisfactory explanation for the alleged off-budget spending, “every claim of transparency by this administration will ring hollow.”The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. In a statement issued on Saturday by his Senior Special Assistant on Public Communication, Phrank Shaibu, the former vice president argued that the omission could not be dismissed as an accounting error.“If, as the IMF has revealed, expenditure amounting to two per cent of Nigeria’s GDP was omitted from the budget process, then Nigerians are entitled to one simple question: Who stole the missing two per cent of our GDP?” he said.According to Atiku, “This is no longer an accounting discrepancy” but “a constitutional, legal and moral scandal.”“Money does not simply disappear from a national budget. Somebody authorised it. Somebody approved it. Somebody spent it. Somebody benefited from it. Nigerians deserve to know who those people are,” he stated.The ADC chieftain linked the IMF disclosure to the recent controversy surrounding the alleged Presidential Foreign Intervention Promotion Council, which the Presidency has denied establishing, arguing that both incidents point to a broader pattern of abuse of public institutions.He said it was troubling that while the Federal Ministry of Health reportedly received only ₦36 million in releases despite a budgetary allocation of more than ₦218 billion, the controversial agency allegedly received about ₦1.3 billion.“Nothing better illustrates the warped priorities of this administration than a government that starves hospitals and healthcare programmes of funds while ghost agencies somehow find billions waiting for them. This is not fiscal management; it is institutionalised corruption,” Atiku said.He also called on the Secretary to the Government of the Federation, Senator George Akume, to explain how the alleged agency gained official recognition within government processes.“The Secretary to the Government of the Federation owes Nigerians a duty of candour. He must come clean. The country deserves to know who authorised the recognition of the so-called Presidential Foreign Intervention Promotion Council and under whose directive government institutions accorded it official status,” he said.Atiku further referenced allegations made by Adeniyi Adeyemi, the principal figure linked to the controversy, who reportedly claimed that the dispute began after he refused a demand for a 48 per cent kickback from the Office of the Chief of Staff over a proposed ₦27.3 billion take-off grant for the agency.Related NewsTinubu media centre posts AI image of Remi Tinubu selling akaraWhy Atiku’s running mate is not from South-East — Kenneth OkonkwoPFIPC scandal: Atiku gives Tinubu seven-day ultimatum to order independent probeDescribing the allegation as too serious to ignore, Atiku called for an independent investigation.“If the allegations are false, let the government prove them through an open investigation. If they are true, then every official connected with this scandal, regardless of rank or office, must be removed immediately and handed over to the appropriate security agencies for prosecution,” he said.He further argued that the controversy comes at a time Nigerians are grappling with the effects of fuel subsidy removal, rising electricity tariffs, high inflation, multiple taxes and increasing public debt.“It is both ironic and cruel that citizens are being asked to make endless sacrifices while government itself cannot transparently explain where enormous public resources have gone,” he said.He urged the National Assembly, the Auditor-General of the Federation, the Public Accounts Committees of both chambers, the Economic and Financial Crimes Commission, and the Independent Corrupt Practices and Other Related Offences Commission to investigate the matter.Atiku maintained that the issue transcends partisan politics and strikes at the heart of constitutional governance and public accountability.“The books must be opened. Every naira must be traced. Every expenditure must be justified. Every official found culpable must be held accountable,” he said.He added that until the government provides a satisfactory explanation for the alleged off-budget spending, “every claim of transparency by this administration will ring hollow.”The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. “If, as the IMF has revealed, expenditure amounting to two per cent of Nigeria’s GDP was omitted from the budget process, then Nigerians are entitled to one simple question: Who stole the missing two per cent of our GDP?” he said.According to Atiku, “This is no longer an accounting discrepancy” but “a constitutional, legal and moral scandal.”“Money does not simply disappear from a national budget. Somebody authorised it. Somebody approved it. Somebody spent it. Somebody benefited from it. Nigerians deserve to know who those people are,” he stated.The ADC chieftain linked the IMF disclosure to the recent controversy surrounding the alleged Presidential Foreign Intervention Promotion Council, which the Presidency has denied establishing, arguing that both incidents point to a broader pattern of abuse of public institutions.He said it was troubling that while the Federal Ministry of Health reportedly received only ₦36 million in releases despite a budgetary allocation of more than ₦218 billion, the controversial agency allegedly received about ₦1.3 billion.“Nothing better illustrates the warped priorities of this administration than a government that starves hospitals and healthcare programmes of funds while ghost agencies somehow find billions waiting for them. This is not fiscal management; it is institutionalised corruption,” Atiku said.He also called on the Secretary to the Government of the Federation, Senator George Akume, to explain how the alleged agency gained official recognition within government processes.“The Secretary to the Government of the Federation owes Nigerians a duty of candour. He must come clean. The country deserves to know who authorised the recognition of the so-called Presidential Foreign Intervention Promotion Council and under whose directive government institutions accorded it official status,” he said.Atiku further referenced allegations made by Adeniyi Adeyemi, the principal figure linked to the controversy, who reportedly claimed that the dispute began after he refused a demand for a 48 per cent kickback from the Office of the Chief of Staff over a proposed ₦27.3 billion take-off grant for the agency.Related NewsTinubu media centre posts AI image of Remi Tinubu selling akaraWhy Atiku’s running mate is not from South-East — Kenneth OkonkwoPFIPC scandal: Atiku gives Tinubu seven-day ultimatum to order independent probeDescribing the allegation as too serious to ignore, Atiku called for an independent investigation.“If the allegations are false, let the government prove them through an open investigation. If they are true, then every official connected with this scandal, regardless of rank or office, must be removed immediately and handed over to the appropriate security agencies for prosecution,” he said.He further argued that the controversy comes at a time Nigerians are grappling with the effects of fuel subsidy removal, rising electricity tariffs, high inflation, multiple taxes and increasing public debt.“It is both ironic and cruel that citizens are being asked to make endless sacrifices while government itself cannot transparently explain where enormous public resources have gone,” he said.He urged the National Assembly, the Auditor-General of the Federation, the Public Accounts Committees of both chambers, the Economic and Financial Crimes Commission, and the Independent Corrupt Practices and Other Related Offences Commission to investigate the matter.Atiku maintained that the issue transcends partisan politics and strikes at the heart of constitutional governance and public accountability.“The books must be opened. Every naira must be traced. Every expenditure must be justified. Every official found culpable must be held accountable,” he said.He added that until the government provides a satisfactory explanation for the alleged off-budget spending, “every claim of transparency by this administration will ring hollow.”The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. According to Atiku, “This is no longer an accounting discrepancy” but “a constitutional, legal and moral scandal.”“Money does not simply disappear from a national budget. Somebody authorised it. Somebody approved it. Somebody spent it. Somebody benefited from it. Nigerians deserve to know who those people are,” he stated.The ADC chieftain linked the IMF disclosure to the recent controversy surrounding the alleged Presidential Foreign Intervention Promotion Council, which the Presidency has denied establishing, arguing that both incidents point to a broader pattern of abuse of public institutions.He said it was troubling that while the Federal Ministry of Health reportedly received only ₦36 million in releases despite a budgetary allocation of more than ₦218 billion, the controversial agency allegedly received about ₦1.3 billion.“Nothing better illustrates the warped priorities of this administration than a government that starves hospitals and healthcare programmes of funds while ghost agencies somehow find billions waiting for them. This is not fiscal management; it is institutionalised corruption,” Atiku said.He also called on the Secretary to the Government of the Federation, Senator George Akume, to explain how the alleged agency gained official recognition within government processes.“The Secretary to the Government of the Federation owes Nigerians a duty of candour. He must come clean. The country deserves to know who authorised the recognition of the so-called Presidential Foreign Intervention Promotion Council and under whose directive government institutions accorded it official status,” he said.Atiku further referenced allegations made by Adeniyi Adeyemi, the principal figure linked to the controversy, who reportedly claimed that the dispute began after he refused a demand for a 48 per cent kickback from the Office of the Chief of Staff over a proposed ₦27.3 billion take-off grant for the agency.Related NewsTinubu media centre posts AI image of Remi Tinubu selling akaraWhy Atiku’s running mate is not from South-East — Kenneth OkonkwoPFIPC scandal: Atiku gives Tinubu seven-day ultimatum to order independent probeDescribing the allegation as too serious to ignore, Atiku called for an independent investigation.“If the allegations are false, let the government prove them through an open investigation. If they are true, then every official connected with this scandal, regardless of rank or office, must be removed immediately and handed over to the appropriate security agencies for prosecution,” he said.He further argued that the controversy comes at a time Nigerians are grappling with the effects of fuel subsidy removal, rising electricity tariffs, high inflation, multiple taxes and increasing public debt.“It is both ironic and cruel that citizens are being asked to make endless sacrifices while government itself cannot transparently explain where enormous public resources have gone,” he said.He urged the National Assembly, the Auditor-General of the Federation, the Public Accounts Committees of both chambers, the Economic and Financial Crimes Commission, and the Independent Corrupt Practices and Other Related Offences Commission to investigate the matter.Atiku maintained that the issue transcends partisan politics and strikes at the heart of constitutional governance and public accountability.“The books must be opened. Every naira must be traced. Every expenditure must be justified. Every official found culpable must be held accountable,” he said.He added that until the government provides a satisfactory explanation for the alleged off-budget spending, “every claim of transparency by this administration will ring hollow.”The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. “Money does not simply disappear from a national budget. Somebody authorised it. Somebody approved it. Somebody spent it. Somebody benefited from it. Nigerians deserve to know who those people are,” he stated.The ADC chieftain linked the IMF disclosure to the recent controversy surrounding the alleged Presidential Foreign Intervention Promotion Council, which the Presidency has denied establishing, arguing that both incidents point to a broader pattern of abuse of public institutions.He said it was troubling that while the Federal Ministry of Health reportedly received only ₦36 million in releases despite a budgetary allocation of more than ₦218 billion, the controversial agency allegedly received about ₦1.3 billion.“Nothing better illustrates the warped priorities of this administration than a government that starves hospitals and healthcare programmes of funds while ghost agencies somehow find billions waiting for them. This is not fiscal management; it is institutionalised corruption,” Atiku said.He also called on the Secretary to the Government of the Federation, Senator George Akume, to explain how the alleged agency gained official recognition within government processes.“The Secretary to the Government of the Federation owes Nigerians a duty of candour. He must come clean. The country deserves to know who authorised the recognition of the so-called Presidential Foreign Intervention Promotion Council and under whose directive government institutions accorded it official status,” he said.Atiku further referenced allegations made by Adeniyi Adeyemi, the principal figure linked to the controversy, who reportedly claimed that the dispute began after he refused a demand for a 48 per cent kickback from the Office of the Chief of Staff over a proposed ₦27.3 billion take-off grant for the agency.Related NewsTinubu media centre posts AI image of Remi Tinubu selling akaraWhy Atiku’s running mate is not from South-East — Kenneth OkonkwoPFIPC scandal: Atiku gives Tinubu seven-day ultimatum to order independent probeDescribing the allegation as too serious to ignore, Atiku called for an independent investigation.“If the allegations are false, let the government prove them through an open investigation. If they are true, then every official connected with this scandal, regardless of rank or office, must be removed immediately and handed over to the appropriate security agencies for prosecution,” he said.He further argued that the controversy comes at a time Nigerians are grappling with the effects of fuel subsidy removal, rising electricity tariffs, high inflation, multiple taxes and increasing public debt.“It is both ironic and cruel that citizens are being asked to make endless sacrifices while government itself cannot transparently explain where enormous public resources have gone,” he said.He urged the National Assembly, the Auditor-General of the Federation, the Public Accounts Committees of both chambers, the Economic and Financial Crimes Commission, and the Independent Corrupt Practices and Other Related Offences Commission to investigate the matter.Atiku maintained that the issue transcends partisan politics and strikes at the heart of constitutional governance and public accountability.“The books must be opened. Every naira must be traced. Every expenditure must be justified. Every official found culpable must be held accountable,” he said.He added that until the government provides a satisfactory explanation for the alleged off-budget spending, “every claim of transparency by this administration will ring hollow.”The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. The ADC chieftain linked the IMF disclosure to the recent controversy surrounding the alleged Presidential Foreign Intervention Promotion Council, which the Presidency has denied establishing, arguing that both incidents point to a broader pattern of abuse of public institutions.He said it was troubling that while the Federal Ministry of Health reportedly received only ₦36 million in releases despite a budgetary allocation of more than ₦218 billion, the controversial agency allegedly received about ₦1.3 billion.“Nothing better illustrates the warped priorities of this administration than a government that starves hospitals and healthcare programmes of funds while ghost agencies somehow find billions waiting for them. This is not fiscal management; it is institutionalised corruption,” Atiku said.He also called on the Secretary to the Government of the Federation, Senator George Akume, to explain how the alleged agency gained official recognition within government processes.“The Secretary to the Government of the Federation owes Nigerians a duty of candour. He must come clean. The country deserves to know who authorised the recognition of the so-called Presidential Foreign Intervention Promotion Council and under whose directive government institutions accorded it official status,” he said.Atiku further referenced allegations made by Adeniyi Adeyemi, the principal figure linked to the controversy, who reportedly claimed that the dispute began after he refused a demand for a 48 per cent kickback from the Office of the Chief of Staff over a proposed ₦27.3 billion take-off grant for the agency.Related NewsTinubu media centre posts AI image of Remi Tinubu selling akaraWhy Atiku’s running mate is not from South-East — Kenneth OkonkwoPFIPC scandal: Atiku gives Tinubu seven-day ultimatum to order independent probeDescribing the allegation as too serious to ignore, Atiku called for an independent investigation.“If the allegations are false, let the government prove them through an open investigation. If they are true, then every official connected with this scandal, regardless of rank or office, must be removed immediately and handed over to the appropriate security agencies for prosecution,” he said.He further argued that the controversy comes at a time Nigerians are grappling with the effects of fuel subsidy removal, rising electricity tariffs, high inflation, multiple taxes and increasing public debt.“It is both ironic and cruel that citizens are being asked to make endless sacrifices while government itself cannot transparently explain where enormous public resources have gone,” he said.He urged the National Assembly, the Auditor-General of the Federation, the Public Accounts Committees of both chambers, the Economic and Financial Crimes Commission, and the Independent Corrupt Practices and Other Related Offences Commission to investigate the matter.Atiku maintained that the issue transcends partisan politics and strikes at the heart of constitutional governance and public accountability.“The books must be opened. Every naira must be traced. Every expenditure must be justified. Every official found culpable must be held accountable,” he said.He added that until the government provides a satisfactory explanation for the alleged off-budget spending, “every claim of transparency by this administration will ring hollow.”The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. He said it was troubling that while the Federal Ministry of Health reportedly received only ₦36 million in releases despite a budgetary allocation of more than ₦218 billion, the controversial agency allegedly received about ₦1.3 billion.“Nothing better illustrates the warped priorities of this administration than a government that starves hospitals and healthcare programmes of funds while ghost agencies somehow find billions waiting for them. This is not fiscal management; it is institutionalised corruption,” Atiku said.He also called on the Secretary to the Government of the Federation, Senator George Akume, to explain how the alleged agency gained official recognition within government processes.“The Secretary to the Government of the Federation owes Nigerians a duty of candour. He must come clean. The country deserves to know who authorised the recognition of the so-called Presidential Foreign Intervention Promotion Council and under whose directive government institutions accorded it official status,” he said.Atiku further referenced allegations made by Adeniyi Adeyemi, the principal figure linked to the controversy, who reportedly claimed that the dispute began after he refused a demand for a 48 per cent kickback from the Office of the Chief of Staff over a proposed ₦27.3 billion take-off grant for the agency.Related NewsTinubu media centre posts AI image of Remi Tinubu selling akaraWhy Atiku’s running mate is not from South-East — Kenneth OkonkwoPFIPC scandal: Atiku gives Tinubu seven-day ultimatum to order independent probeDescribing the allegation as too serious to ignore, Atiku called for an independent investigation.“If the allegations are false, let the government prove them through an open investigation. If they are true, then every official connected with this scandal, regardless of rank or office, must be removed immediately and handed over to the appropriate security agencies for prosecution,” he said.He further argued that the controversy comes at a time Nigerians are grappling with the effects of fuel subsidy removal, rising electricity tariffs, high inflation, multiple taxes and increasing public debt.“It is both ironic and cruel that citizens are being asked to make endless sacrifices while government itself cannot transparently explain where enormous public resources have gone,” he said.He urged the National Assembly, the Auditor-General of the Federation, the Public Accounts Committees of both chambers, the Economic and Financial Crimes Commission, and the Independent Corrupt Practices and Other Related Offences Commission to investigate the matter.Atiku maintained that the issue transcends partisan politics and strikes at the heart of constitutional governance and public accountability.“The books must be opened. Every naira must be traced. Every expenditure must be justified. Every official found culpable must be held accountable,” he said.He added that until the government provides a satisfactory explanation for the alleged off-budget spending, “every claim of transparency by this administration will ring hollow.”The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. “Nothing better illustrates the warped priorities of this administration than a government that starves hospitals and healthcare programmes of funds while ghost agencies somehow find billions waiting for them. This is not fiscal management; it is institutionalised corruption,” Atiku said.He also called on the Secretary to the Government of the Federation, Senator George Akume, to explain how the alleged agency gained official recognition within government processes.“The Secretary to the Government of the Federation owes Nigerians a duty of candour. He must come clean. The country deserves to know who authorised the recognition of the so-called Presidential Foreign Intervention Promotion Council and under whose directive government institutions accorded it official status,” he said.Atiku further referenced allegations made by Adeniyi Adeyemi, the principal figure linked to the controversy, who reportedly claimed that the dispute began after he refused a demand for a 48 per cent kickback from the Office of the Chief of Staff over a proposed ₦27.3 billion take-off grant for the agency.Related NewsTinubu media centre posts AI image of Remi Tinubu selling akaraWhy Atiku’s running mate is not from South-East — Kenneth OkonkwoPFIPC scandal: Atiku gives Tinubu seven-day ultimatum to order independent probeDescribing the allegation as too serious to ignore, Atiku called for an independent investigation.“If the allegations are false, let the government prove them through an open investigation. If they are true, then every official connected with this scandal, regardless of rank or office, must be removed immediately and handed over to the appropriate security agencies for prosecution,” he said.He further argued that the controversy comes at a time Nigerians are grappling with the effects of fuel subsidy removal, rising electricity tariffs, high inflation, multiple taxes and increasing public debt.“It is both ironic and cruel that citizens are being asked to make endless sacrifices while government itself cannot transparently explain where enormous public resources have gone,” he said.He urged the National Assembly, the Auditor-General of the Federation, the Public Accounts Committees of both chambers, the Economic and Financial Crimes Commission, and the Independent Corrupt Practices and Other Related Offences Commission to investigate the matter.Atiku maintained that the issue transcends partisan politics and strikes at the heart of constitutional governance and public accountability.“The books must be opened. Every naira must be traced. Every expenditure must be justified. Every official found culpable must be held accountable,” he said.He added that until the government provides a satisfactory explanation for the alleged off-budget spending, “every claim of transparency by this administration will ring hollow.”The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. He also called on the Secretary to the Government of the Federation, Senator George Akume, to explain how the alleged agency gained official recognition within government processes.“The Secretary to the Government of the Federation owes Nigerians a duty of candour. He must come clean. The country deserves to know who authorised the recognition of the so-called Presidential Foreign Intervention Promotion Council and under whose directive government institutions accorded it official status,” he said.Atiku further referenced allegations made by Adeniyi Adeyemi, the principal figure linked to the controversy, who reportedly claimed that the dispute began after he refused a demand for a 48 per cent kickback from the Office of the Chief of Staff over a proposed ₦27.3 billion take-off grant for the agency.Related NewsTinubu media centre posts AI image of Remi Tinubu selling akaraWhy Atiku’s running mate is not from South-East — Kenneth OkonkwoPFIPC scandal: Atiku gives Tinubu seven-day ultimatum to order independent probeDescribing the allegation as too serious to ignore, Atiku called for an independent investigation.“If the allegations are false, let the government prove them through an open investigation. If they are true, then every official connected with this scandal, regardless of rank or office, must be removed immediately and handed over to the appropriate security agencies for prosecution,” he said.He further argued that the controversy comes at a time Nigerians are grappling with the effects of fuel subsidy removal, rising electricity tariffs, high inflation, multiple taxes and increasing public debt.“It is both ironic and cruel that citizens are being asked to make endless sacrifices while government itself cannot transparently explain where enormous public resources have gone,” he said.He urged the National Assembly, the Auditor-General of the Federation, the Public Accounts Committees of both chambers, the Economic and Financial Crimes Commission, and the Independent Corrupt Practices and Other Related Offences Commission to investigate the matter.Atiku maintained that the issue transcends partisan politics and strikes at the heart of constitutional governance and public accountability.“The books must be opened. Every naira must be traced. Every expenditure must be justified. Every official found culpable must be held accountable,” he said.He added that until the government provides a satisfactory explanation for the alleged off-budget spending, “every claim of transparency by this administration will ring hollow.”The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. “The Secretary to the Government of the Federation owes Nigerians a duty of candour. He must come clean. The country deserves to know who authorised the recognition of the so-called Presidential Foreign Intervention Promotion Council and under whose directive government institutions accorded it official status,” he said.Atiku further referenced allegations made by Adeniyi Adeyemi, the principal figure linked to the controversy, who reportedly claimed that the dispute began after he refused a demand for a 48 per cent kickback from the Office of the Chief of Staff over a proposed ₦27.3 billion take-off grant for the agency.Related NewsTinubu media centre posts AI image of Remi Tinubu selling akaraWhy Atiku’s running mate is not from South-East — Kenneth OkonkwoPFIPC scandal: Atiku gives Tinubu seven-day ultimatum to order independent probeDescribing the allegation as too serious to ignore, Atiku called for an independent investigation.“If the allegations are false, let the government prove them through an open investigation. If they are true, then every official connected with this scandal, regardless of rank or office, must be removed immediately and handed over to the appropriate security agencies for prosecution,” he said.He further argued that the controversy comes at a time Nigerians are grappling with the effects of fuel subsidy removal, rising electricity tariffs, high inflation, multiple taxes and increasing public debt.“It is both ironic and cruel that citizens are being asked to make endless sacrifices while government itself cannot transparently explain where enormous public resources have gone,” he said.He urged the National Assembly, the Auditor-General of the Federation, the Public Accounts Committees of both chambers, the Economic and Financial Crimes Commission, and the Independent Corrupt Practices and Other Related Offences Commission to investigate the matter.Atiku maintained that the issue transcends partisan politics and strikes at the heart of constitutional governance and public accountability.“The books must be opened. Every naira must be traced. Every expenditure must be justified. Every official found culpable must be held accountable,” he said.He added that until the government provides a satisfactory explanation for the alleged off-budget spending, “every claim of transparency by this administration will ring hollow.”The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. Atiku further referenced allegations made by Adeniyi Adeyemi, the principal figure linked to the controversy, who reportedly claimed that the dispute began after he refused a demand for a 48 per cent kickback from the Office of the Chief of Staff over a proposed ₦27.3 billion take-off grant for the agency.Related NewsTinubu media centre posts AI image of Remi Tinubu selling akaraWhy Atiku’s running mate is not from South-East — Kenneth OkonkwoPFIPC scandal: Atiku gives Tinubu seven-day ultimatum to order independent probeDescribing the allegation as too serious to ignore, Atiku called for an independent investigation.“If the allegations are false, let the government prove them through an open investigation. If they are true, then every official connected with this scandal, regardless of rank or office, must be removed immediately and handed over to the appropriate security agencies for prosecution,” he said.He further argued that the controversy comes at a time Nigerians are grappling with the effects of fuel subsidy removal, rising electricity tariffs, high inflation, multiple taxes and increasing public debt.“It is both ironic and cruel that citizens are being asked to make endless sacrifices while government itself cannot transparently explain where enormous public resources have gone,” he said.He urged the National Assembly, the Auditor-General of the Federation, the Public Accounts Committees of both chambers, the Economic and Financial Crimes Commission, and the Independent Corrupt Practices and Other Related Offences Commission to investigate the matter.Atiku maintained that the issue transcends partisan politics and strikes at the heart of constitutional governance and public accountability.“The books must be opened. Every naira must be traced. Every expenditure must be justified. Every official found culpable must be held accountable,” he said.He added that until the government provides a satisfactory explanation for the alleged off-budget spending, “every claim of transparency by this administration will ring hollow.”The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. Describing the allegation as too serious to ignore, Atiku called for an independent investigation.“If the allegations are false, let the government prove them through an open investigation. If they are true, then every official connected with this scandal, regardless of rank or office, must be removed immediately and handed over to the appropriate security agencies for prosecution,” he said.He further argued that the controversy comes at a time Nigerians are grappling with the effects of fuel subsidy removal, rising electricity tariffs, high inflation, multiple taxes and increasing public debt.“It is both ironic and cruel that citizens are being asked to make endless sacrifices while government itself cannot transparently explain where enormous public resources have gone,” he said.He urged the National Assembly, the Auditor-General of the Federation, the Public Accounts Committees of both chambers, the Economic and Financial Crimes Commission, and the Independent Corrupt Practices and Other Related Offences Commission to investigate the matter.Atiku maintained that the issue transcends partisan politics and strikes at the heart of constitutional governance and public accountability.“The books must be opened. Every naira must be traced. Every expenditure must be justified. Every official found culpable must be held accountable,” he said.He added that until the government provides a satisfactory explanation for the alleged off-budget spending, “every claim of transparency by this administration will ring hollow.”The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. “If the allegations are false, let the government prove them through an open investigation. If they are true, then every official connected with this scandal, regardless of rank or office, must be removed immediately and handed over to the appropriate security agencies for prosecution,” he said.He further argued that the controversy comes at a time Nigerians are grappling with the effects of fuel subsidy removal, rising electricity tariffs, high inflation, multiple taxes and increasing public debt.“It is both ironic and cruel that citizens are being asked to make endless sacrifices while government itself cannot transparently explain where enormous public resources have gone,” he said.He urged the National Assembly, the Auditor-General of the Federation, the Public Accounts Committees of both chambers, the Economic and Financial Crimes Commission, and the Independent Corrupt Practices and Other Related Offences Commission to investigate the matter.Atiku maintained that the issue transcends partisan politics and strikes at the heart of constitutional governance and public accountability.“The books must be opened. Every naira must be traced. Every expenditure must be justified. Every official found culpable must be held accountable,” he said.He added that until the government provides a satisfactory explanation for the alleged off-budget spending, “every claim of transparency by this administration will ring hollow.”The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. He further argued that the controversy comes at a time Nigerians are grappling with the effects of fuel subsidy removal, rising electricity tariffs, high inflation, multiple taxes and increasing public debt.“It is both ironic and cruel that citizens are being asked to make endless sacrifices while government itself cannot transparently explain where enormous public resources have gone,” he said.He urged the National Assembly, the Auditor-General of the Federation, the Public Accounts Committees of both chambers, the Economic and Financial Crimes Commission, and the Independent Corrupt Practices and Other Related Offences Commission to investigate the matter.Atiku maintained that the issue transcends partisan politics and strikes at the heart of constitutional governance and public accountability.“The books must be opened. Every naira must be traced. Every expenditure must be justified. Every official found culpable must be held accountable,” he said.He added that until the government provides a satisfactory explanation for the alleged off-budget spending, “every claim of transparency by this administration will ring hollow.”The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. “It is both ironic and cruel that citizens are being asked to make endless sacrifices while government itself cannot transparently explain where enormous public resources have gone,” he said.He urged the National Assembly, the Auditor-General of the Federation, the Public Accounts Committees of both chambers, the Economic and Financial Crimes Commission, and the Independent Corrupt Practices and Other Related Offences Commission to investigate the matter.Atiku maintained that the issue transcends partisan politics and strikes at the heart of constitutional governance and public accountability.“The books must be opened. Every naira must be traced. Every expenditure must be justified. Every official found culpable must be held accountable,” he said.He added that until the government provides a satisfactory explanation for the alleged off-budget spending, “every claim of transparency by this administration will ring hollow.”The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. He urged the National Assembly, the Auditor-General of the Federation, the Public Accounts Committees of both chambers, the Economic and Financial Crimes Commission, and the Independent Corrupt Practices and Other Related Offences Commission to investigate the matter.Atiku maintained that the issue transcends partisan politics and strikes at the heart of constitutional governance and public accountability.“The books must be opened. Every naira must be traced. Every expenditure must be justified. Every official found culpable must be held accountable,” he said.He added that until the government provides a satisfactory explanation for the alleged off-budget spending, “every claim of transparency by this administration will ring hollow.”The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. Atiku maintained that the issue transcends partisan politics and strikes at the heart of constitutional governance and public accountability.“The books must be opened. Every naira must be traced. Every expenditure must be justified. Every official found culpable must be held accountable,” he said.He added that until the government provides a satisfactory explanation for the alleged off-budget spending, “every claim of transparency by this administration will ring hollow.”The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. “The books must be opened. Every naira must be traced. Every expenditure must be justified. Every official found culpable must be held accountable,” he said.He added that until the government provides a satisfactory explanation for the alleged off-budget spending, “every claim of transparency by this administration will ring hollow.”The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. He added that until the government provides a satisfactory explanation for the alleged off-budget spending, “every claim of transparency by this administration will ring hollow.”The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. The Fund recommended stronger fiscal transparency, improved budget reporting and tighter public financial management to enhance accountability.The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. The IMF disclosure came amid controversy over the alleged PFIPC, following claims that the body operated within government circles despite the Presidency insisting that no such agency was created by President Bola Tinubu.The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management. The controversy has generated calls from opposition figures and civil society groups for a comprehensive investigation into the allegations and Nigeria’s public expenditure management.