The African Democratic Congress (ADC) has accused the All Progressives Congress (APC) of diverting funds from the Federation Account Allocation Committee (FAAC), to finance President Bola Tinubu’s re-election campaign.
ADC, in a statement by the National Publicity Secretary, Mallam Bolaji Abdullahi, said FAAC allocations are meant for development, the salaries of workers, healthcare, education, infrastructure, security, and the welfare of citizens, not for financing the re-election plans of one man.
The party stated that if the allegations by an online source are true, “then what has occurred is not just political corruption, but a direct theft of resources belonging to the Nigerian people.”
According to the ADC, to divert public allocations into political accounts while citizens could not afford food is wickedness.
“These revelations explain why many APC governors appear more interested in political calculations than governance, despite unprecedented inflows into state coffers following subsidy removal and currency devaluation policies that have inflicted severe hardship on Nigerians,” it added.
The party noted that the same government that told Nigerians there is no money for fuel subsidy, “somehow found a way to allegedly mobilise over N800 billion for politics.”
It added that the same government asking citizens to endure sacrifice is allegedly supervising one of the largest political funding operations in Nigeria’s democratic history.
“This is not leadership. This is exploitation.
“The APC government has effectively turned governance into a fundraising machine for 2027 while Nigerians battle inflation, unemployment, insecurity, collapsing purchasing power, and rising poverty,” ADC stated.
The party therefore call for an independent investigation into the allegations, including the reported use of FAAC deductions and any related accounts or structures allegedly linked to the operation.
“Nigerians deserve to know whether money belonging to states and local governments was diverted for partisan political purposes,” ADC stated.
It added that if these allegations were true, it represents a dangerous abuse of public trust and a scandal of enormous national consequence.
ADC however stated that no amount of political spending could save a government that has lost the confidence of the people.
