NEWS
Presidency Affirms N1.27tn Addition To 2024 Budget Amidst Padding Allegations
Senator Yemi Adaramodu, spokesperson for the Senate has vehemently refuted accusations of budget padding in the N28.77 trillion budget passed by the National Assembly.
The denial comes in response to concerns raised by Senator Abdul Ningi regarding potential discrepancies.
Contrarily, the Presidency issued a statement on Saturday acknowledging a N1.27tn addition to the 2024 budget. However, it expressed confusion over the origin of the mentioned N3tn.
Adaramodu underscored the budget’s public accessibility, affirming its status as a document available for scrutiny by Nigerians.
As reported by the BBC Hausa service on Saturday, Senator Ningi, Chairman of the Northern Senators Forum, alleged that the Federal Government is running a budget of N28tn, contradicting the officially approved N25tn passed by the National Assembly.
He said, “Apart from what the National Assembly did on the floor, there was another budget that was done underground which we didn’t know.
“The new things we have discovered in the budget were not known to us. We haven’t seen them in the budget that was debated and considered on the floor of the National Assembly.
“For example, it was said that there was a budget of N28tn but what was passed was N25 trillion. So there is N3tn on top. Where are they, where is it going? So, we need to know this. There are a lot of things.
“For the first time in Nigerian history, today we are operating two different budgets. One budget was approved by the National Assembly and signed by President Bola Tinubu and the other was implemented by the Presidency.
“The one approved by us is N25tn while the one operated by the Federal Government is N28tn. Apparently, we discovered N3tn was inserted into the budgets without locations. This is the highest budget padding that happened in Nigerian history under Sen. Akpabio’s watch.
“We resolved as people’s representatives to see President Tinubu on this issue, with facts and figures, to ask him if he is aware of this embarrassment or not, then from there we will take action. Let Nigerians be patient with us.”
The Senate Spokesperson responded, asserting, “There is no budget padding, according to the Senate and the National Assembly.”
“The national budget is a public document, which expressly states the expected revenue and the expenditure of the Federal Republic of Nigeria.
“The Senate under the leadership of Senator Godswill Akpabio is not aware of any varied execution of the 2024 appropriation mandate, as approved.”
Senator Adaramodu added, “The budget presentation and approval processes were made in the public glare, while the Presidential assent was also in a public ceremony.
“Any infractions would have been brought before the Senate, if any. The general public should be at rest that there is no budget padding anywhere and we are confident that the 2024 appropriation law shall be strictly executed, under strict legislative oversight.”
The Special Adviser to the President on Information and Strategy, Bayo Onanuga, clarified on Saturday, stating, “The National Assembly added N1.27tn to the 2024 budget. So, we do not see where the N3tn is coming from.”
“What we know is that the NASS approved a budget of N28tn which the President signed. What the President signed was the budget approved by the National Assembly, by the two houses.
“The 2023 supplementary budget was passed separately to run concurrently with this year’s budget until March.”
Ningi further announced that the Northern Senators Forum plans to confront Akpabio with its findings on the budget.
He added, “We want to show him what we have seen in the budget that is not acceptable, we will not accept them, and we don’t want the country to continue spending money on those things,”
The Head of Press and Public Relations Unit at the Ministry of Finance, Chukwu Helen, stated her inability to confirm whether the budget was padded with the mentioned amount.
She assured to provide confirmation after consulting with the ministry’s budget officer.
Recall that on November 29, 2023, President Bola Tinubu unveiled the “Renewed Hope budget” totaling N27.5tn before a joint section of the National Assembly, as reported by BIZTELLERS.
NEWS
Obi Asks World Bank, Banks to Verify Anambra Debt Claims
Former Anambra State Governor Peter Obi has called on the World Bank and Nigerian banks to verify records relating to the debt claims made against his administration, insisting that the figures being presented by the state government should be subjected to documentary scrutiny.
Obi made the call during an interview on Arise TV’s Prime Time programme on Thursday, September 24, 2026, while responding to the Anambra State Government’s claims over loans allegedly incurred during his eight-year tenure.
ALSO READ: 2027: Peter Obi Disowns OK Movement Campaign Council, Says ‘It Is Wrong’
The former governor specifically urged the World Bank to provide records showing the actual drawdowns from the facilities linked to Anambra, rather than relying on the total amount originally approved or contracted.
“Please publish these documents. I’m urging you, please. The World Bank is in Abuja; they can give you the history of the drawdowns,” Obi said.
He also challenged the relevant Nigerian banks to verify the financial records he said were contained in his 2014 handover documents.
“The banks mentioned here are Nigerian banks; you have access to their headquarters. Ask them whether this money was there,” he added.
Obi’s comments came amid a dispute over the Anambra Government’s earlier claim that eight external loan facilities associated with his administration had an outstanding balance of about N127.4bn as of June 30, 2026.
The state had linked the loans to projects in areas including education, healthcare, erosion control and malaria prevention.
The former governor disputed the presentation, arguing that approved loan facilities should not automatically be treated as money borrowed or spent if the funds were not actually drawn down.
He maintained that some of the funding arrangements involved Federal Government-backed concessionary financing and said the World Bank records could establish when the money was accessed.
The controversy has since shifted towards the actual amount drawn from some of the facilities.
Anambra State Commissioner for Information and Value Reorientation, Law Mefor, reportedly acknowledged during an Arise TV appearance that the government had not properly verified the amount actually drawn from a $123m facility before citing the larger figure. He said the government would seek clarification from the relevant authorities.
The development has added another layer to the disagreement between Obi and the Anambra Government over the state’s financial position at the end of his administration.
Obi has consistently maintained that he left office in March 2014 without outstanding salaries, pensions, gratuities or certified contractor obligations, while the state government has continued to dispute aspects of his account of the state’s inherited liabilities.
NEWS
‘Where Is the President?’ — Peter Obi Questions Tinubu’s Prolonged Absence
Presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has questioned President Bola Tinubu’s prolonged absence from Nigeria, saying Nigerians deserve to know the President’s whereabouts amid the country’s security challenges.
Obi made the remarks on Arise TV on Thursday while discussing the President’s absence from the country and the situation surrounding other senior government officials.
According to Obi, the issue was not simply that Tinubu was outside Nigeria, but that he had remained abroad beyond the period initially announced for his trip.
ALSO READ: ‘Borrowed Funds Not Spent Cannot Be Counted as Debt Left Behind’ -Peter Obi
“It’s not just that he’s out of the country. He’s out of the country beyond the days he was supposed to be. Beyond the days they even said he was going for,” Obi said.
He also noted that Vice-President Kashim Shettima was outside the country, while Senate President Godswill Akpabio was also reportedly abroad and the Senate was not in session.
“The Vice President is not in the country. And I understand the Senate President is out of the country, the Senate is not in session,” he said.
Obi expressed concern about the situation against the backdrop of insecurity and recent incidents involving the deaths of suspected illegal miners in Niger State.
“We don’t need this level of rascality at this moment in time, when Nigerians are being kidnapped, being killed, things are… we need a country where we have somebody, where we have competence, capacity, and compassion,” he said.
Referring to the deaths recorded in Niger State, Obi said the presence of the country’s chief executive was particularly important during a crisis.
“Look at Niger State now, where 10 people… where some young people have died for nothing,” he said.
The former Anambra State governor argued that while there is a chain of command within government, delegation should not replace the physical presence of the country’s leader during critical situations.
“It is… the CEO being present is critical at a time of crisis. Not delegation. Yes, you have a chain of command,” Obi said.
He subsequently asked where the President was and insisted that Nigerians should be informed.
“Where is the President? Nigerians ought to know,” he said.
Obi also said that, if elected president in 2027, he would make his whereabouts publicly known whenever he travelled.
“If I travel today, I tell people where I am. When I become President, Charles, people will know where I am 24 hours,” he said
“That is public space, public office,” Obi added.
The comments come amid continuing public debate over the absence of the President and Vice-President from Nigeria.
NEWS
‘Borrowed Funds Not Spent Cannot Be Counted as Debt Left Behind’ – Peter Obi
The presidential candidate of the Nigeria Democratic Congress (NDC) for the 2027 election, Peter Obi, has challenged the way government borrowing is accounted for, arguing that funds borrowed but not actually drawn down should not be treated as debt left behind by an administration.
Obi made the remarks during an interview on Arise TV on Thursday while explaining his position on borrowing during his tenure as governor of Anambra State.
“That is a wrong public accounting. Even if I had gone to bank and borrowed money, but I did not spend the money, you cannot call it debt I left,” Obi said.
RELATED NEWS: 2027: Obi Wants to Transform Nigeria After 8 Years of Failure in Anambra — Onanuga
He illustrated his argument with a hypothetical ₦10 billion loan facility, saying that where only ₦500 million was actually drawn, it would be inaccurate to describe the entire ₦10 billion as money owed.
“They gave me a loan of 10 billion Naira, and Charles, I only drew down 500 million. You cannot say I’m owing 10 billion, because you know the amount,” he said.
The NDC candidate said such a practice would amount to improper public-sector accounting.
“That’s why I said it is not proper public sector accounting,” Obi said.
He also cited the former Director-General of the Debt Management Office, Abraham Nwankwo, whom he said served for 10 years, in support of his claim about his borrowing record as Anambra governor.
Obi recalled that Nwankwo invited him to his send-off ceremony and publicly explained why he had selected Obi as chairman of the event.
“He announced it to everybody in that party that the reason why he made me chairman is because I was the only governor in Nigeria who never came to his office for approval to borrow money,” Obi said.
Anambra Debt Controversy
Obi’s comments come against the backdrop of continuing debate over the debt profile he left behind after serving as Anambra State governor from 2006 to 2013.
The former governor has consistently defended his administration’s financial record, while figures and claims about Anambra’s debt during and after his tenure have generated public debate.






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