Former Vice President of Nigeria and Presidential Candidate of African Democratic Congress (ADC), Atiku Abubakar, has challenged President Bola Tinubu to account for approximately ₦30 trillion in Federation revenues, deductions, savings and transfers requiring transparent reconciliation, saying the latest July 2026 Federation Account figures show that the troubling pattern has continued.

Atiku, in a statement issued by his Senior Special Assistant on Public Communication, Phrank Shaibu, said his earlier reconciliation of published Federation Account figures had identified approximately ₦28 trillion requiring explanation up to June 2026. He said the July figures had raised fresh questions, pushing the cumulative amount requiring proper public accounting towards ₦30 trillion.

“The question President Tinubu must answer remains painfully simple: Where is the money?” Atiku said.

For July 2026, gross statutory revenue stood at ₦4.359 trillion, while the Federation Account Allocation Committee approved a total distribution of ₦3.007 trillion to the Federal Government, 36 states and 774 local government councils.

Atiku said the July figures further demonstrated the need for Nigerians to receive a comprehensive reconciliation of the revenues flowing into the Federation Account and the deductions made before distribution.

“The madness continues. Month after month, trillions of naira enter the Federation accounts, and month after month, enormous amounts are removed under different classifications before the balance is distributed.

“Our reconciliation previously identified approximately ₦28 trillion requiring explanation up to June 2026. July shows that the pattern has continued. The cumulative amount of Federation revenues, deductions, savings, transfers and related funds requiring transparent reconciliation is now approaching ₦30 trillion.

“If the Tinubu administration disputes that figure, the answer is not another press statement. Publish the ledger.”

Atiku Abubakar recalled that in January 2024, ₦2.068 trillion was reported as available revenue, but only ₦1.149 trillion was distributed. In June 2025, ₦4.232 trillion was available, while ₦1.818 trillion was shared. By June 2026, ₦4.501 trillion was reported as available, but only ₦2.551 trillion was distributed.

“These are not accounting footnotes. This is the wealth of the Nigerian people.

“These are also government figures, not ours. The accounts are in the custody of the government, not the opposition. Therefore, the burden is on President Tinubu and his administration to tell Nigerians what happened to their money.