Saturday, 17 October 2026 · World
USD/EUR 0.8895 USD/GBP 0.7508 USD/JPY 158 USD/CNY 6.698 All rates →
RSS
EUROS The World Financial Report
Nº 98 Saturday, 17 October 2026 · World Edition
Emerging Markets

Atiku links N11.2trn NNPC claims to Tinubu campaign funding, demands details

Euros Room · 05 Oct 2026 · 🇳🇬 Nigeria
Atiku links N11.2trn NNPC claims to Tinubu campaign funding, demands details

Atiku Abubakar, former vice president and presidential candidate of the African Democratic Congress (ADC), has demanded a full disclosure of read more Atiku links N11.2trn NNPC claims to Tinubu campaign funding, demands details

Atiku Abubakar, former vice president and presidential candidate of the African Democratic Congress (ADC), has demanded a full disclosure of the N11.2 trillion recorded by the Nigerian National Petroleum Company (NNPC) as receivables from the Federation, questioning how much was spent on pipeline security and who benefited from the payments. Atiku also challenged President Bola Tinubu’s administration to publish details of major government contracts awarded to companies linked to individuals supporting the president’s 2027 re-election bid. Phrank Shaibu, director of Strategic Communication of the ADC Presidential Campaign Council, issued the statement on Atiku’s behalf on Sunday, saying Nigerians deserved to know what the N11.2 trillion covered, particularly amid worsening insecurity across the country. “NNPC’s 2024 accounts recorded roughly N17.5 trillion across different claims on the Federation, including petrol under-recovery and other receivables linked to advances and asset protection. Its 2025 accounts now show approximately N11.2 trillion in other receivables from the Federation. “Nigerians cannot tell from these totals what was spent on pipeline surveillance. What was paid? Who was paid? For what work? Where are the results?” he asked. He said the scale of the figures demanded greater scrutiny, noting that the N11.2 trillion NNPC receivables were more than three times the approximately N3.1 trillion allocated to the Ministry of Defence in 2025. Read also: Atiku tackles Tinubu over national budget, ‘Yahoo Yahoo’ promises “A mother should not have to pray her child survives the journey to school while her government cannot plainly explain the billions it spends on security. Tinubu must answer to the people living with these choices,” Atiku said. He further questioned the relationship between government contractors and Tinubu’s 2027 campaign, citing Tantita and the Chagoury-linked company involved in the Lagos-Calabar Coastal Highway project. “Look at the company Tinubu keeps. Tantita holds a pipeline security contract while its founder sends campaign vehicles out to seek another term for the President,” he said. On the Lagos-Calabar Coastal Highway, Atiku demanded the release of the procurement documents, including invitations, competing bids, evaluations and the contract. Read also: Atiku demands disclosure of Nigeria-US health pact after Ghana’s rejection “Then show us the invitations. Show us the competing bids. Show us the evaluation. Show us the contract. Why must Nigerians drag every document out of a government spending their money?” he asked. Atiku also demanded disclosure of any financial or material support allegedly provided by government contractors to Tinubu’s re-election campaign. “Nigerians will not tighten their belts while the President’s associates collect contracts and the money behind his campaign remains hidden,” he said. “Nigerians have had enough of hardship dressed up as reform. Tinubu made life expensive. I will make Nigeria affordable again. Let this be the last year he asks Nigerians to suffer and applaud. In 2027, we will bring this chapter to an end,” Atiku said. Related News Nigeria’s PMI climb: Managers cheer as households wait WORLD IN BRIEF: France to close 500 schools amid protests, 12-year-old killed in Baltimore shooting, Cameroon secures $391m World Bank loan and other stories N1bn ransom, bomb threat keep 20 Oyo corps members in captivity Share

Atiku also challenged President Bola Tinubu’s administration to publish details of major government contracts awarded to companies linked to individuals supporting the president’s 2027 re-election bid. Phrank Shaibu, director of Strategic Communication of the ADC Presidential Campaign Council, issued the statement on Atiku’s behalf on Sunday, saying Nigerians deserved to know what the N11.2 trillion covered, particularly amid worsening insecurity across the country. “NNPC’s 2024 accounts recorded roughly N17.5 trillion across different claims on the Federation, including petrol under-recovery and other receivables linked to advances and asset protection. Its 2025 accounts now show approximately N11.2 trillion in other receivables from the Federation. “Nigerians cannot tell from these totals what was spent on pipeline surveillance. What was paid? Who was paid? For what work? Where are the results?” he asked. He said the scale of the figures demanded greater scrutiny, noting that the N11.2 trillion NNPC receivables were more than three times the approximately N3.1 trillion allocated to the Ministry of Defence in 2025. Read also: Atiku tackles Tinubu over national budget, ‘Yahoo Yahoo’ promises “A mother should not have to pray her child survives the journey to school while her government cannot plainly explain the billions it spends on security. Tinubu must answer to the people living with these choices,” Atiku said. He further questioned the relationship between government contractors and Tinubu’s 2027 campaign, citing Tantita and the Chagoury-linked company involved in the Lagos-Calabar Coastal Highway project. “Look at the company Tinubu keeps. Tantita holds a pipeline security contract while its founder sends campaign vehicles out to seek another term for the President,” he said. On the Lagos-Calabar Coastal Highway, Atiku demanded the release of the procurement documents, including invitations, competing bids, evaluations and the contract. Read also: Atiku demands disclosure of Nigeria-US health pact after Ghana’s rejection “Then show us the invitations. Show us the competing bids. Show us the evaluation. Show us the contract. Why must Nigerians drag every document out of a government spending their money?” he asked. Atiku also demanded disclosure of any financial or material support allegedly provided by government contractors to Tinubu’s re-election campaign. “Nigerians will not tighten their belts while the President’s associates collect contracts and the money behind his campaign remains hidden,” he said. “Nigerians have had enough of hardship dressed up as reform. Tinubu made life expensive. I will make Nigeria affordable again. Let this be the last year he asks Nigerians to suffer and applaud. In 2027, we will bring this chapter to an end,” Atiku said. Related News Nigeria’s PMI climb: Managers cheer as households wait WORLD IN BRIEF: France to close 500 schools amid protests, 12-year-old killed in Baltimore shooting, Cameroon secures $391m World Bank loan and other stories N1bn ransom, bomb threat keep 20 Oyo corps members in captivity Share

Phrank Shaibu, director of Strategic Communication of the ADC Presidential Campaign Council, issued the statement on Atiku’s behalf on Sunday, saying Nigerians deserved to know what the N11.2 trillion covered, particularly amid worsening insecurity across the country. “NNPC’s 2024 accounts recorded roughly N17.5 trillion across different claims on the Federation, including petrol under-recovery and other receivables linked to advances and asset protection. Its 2025 accounts now show approximately N11.2 trillion in other receivables from the Federation. “Nigerians cannot tell from these totals what was spent on pipeline surveillance. What was paid? Who was paid? For what work? Where are the results?” he asked. He said the scale of the figures demanded greater scrutiny, noting that the N11.2 trillion NNPC receivables were more than three times the approximately N3.1 trillion allocated to the Ministry of Defence in 2025. Read also: Atiku tackles Tinubu over national budget, ‘Yahoo Yahoo’ promises “A mother should not have to pray her child survives the journey to school while her government cannot plainly explain the billions it spends on security. Tinubu must answer to the people living with these choices,” Atiku said. He further questioned the relationship between government contractors and Tinubu’s 2027 campaign, citing Tantita and the Chagoury-linked company involved in the Lagos-Calabar Coastal Highway project. “Look at the company Tinubu keeps. Tantita holds a pipeline security contract while its founder sends campaign vehicles out to seek another term for the President,” he said. On the Lagos-Calabar Coastal Highway, Atiku demanded the release of the procurement documents, including invitations, competing bids, evaluations and the contract. Read also: Atiku demands disclosure of Nigeria-US health pact after Ghana’s rejection “Then show us the invitations. Show us the competing bids. Show us the evaluation. Show us the contract. Why must Nigerians drag every document out of a government spending their money?” he asked. Atiku also demanded disclosure of any financial or material support allegedly provided by government contractors to Tinubu’s re-election campaign. “Nigerians will not tighten their belts while the President’s associates collect contracts and the money behind his campaign remains hidden,” he said. “Nigerians have had enough of hardship dressed up as reform. Tinubu made life expensive. I will make Nigeria affordable again. Let this be the last year he asks Nigerians to suffer and applaud. In 2027, we will bring this chapter to an end,” Atiku said. Related News Nigeria’s PMI climb: Managers cheer as households wait WORLD IN BRIEF: France to close 500 schools amid protests, 12-year-old killed in Baltimore shooting, Cameroon secures $391m World Bank loan and other stories N1bn ransom, bomb threat keep 20 Oyo corps members in captivity Share

“NNPC’s 2024 accounts recorded roughly N17.5 trillion across different claims on the Federation, including petrol under-recovery and other receivables linked to advances and asset protection. Its 2025 accounts now show approximately N11.2 trillion in other receivables from the Federation. “Nigerians cannot tell from these totals what was spent on pipeline surveillance. What was paid? Who was paid? For what work? Where are the results?” he asked. He said the scale of the figures demanded greater scrutiny, noting that the N11.2 trillion NNPC receivables were more than three times the approximately N3.1 trillion allocated to the Ministry of Defence in 2025. Read also: Atiku tackles Tinubu over national budget, ‘Yahoo Yahoo’ promises “A mother should not have to pray her child survives the journey to school while her government cannot plainly explain the billions it spends on security. Tinubu must answer to the people living with these choices,” Atiku said. He further questioned the relationship between government contractors and Tinubu’s 2027 campaign, citing Tantita and the Chagoury-linked company involved in the Lagos-Calabar Coastal Highway project. “Look at the company Tinubu keeps. Tantita holds a pipeline security contract while its founder sends campaign vehicles out to seek another term for the President,” he said. On the Lagos-Calabar Coastal Highway, Atiku demanded the release of the procurement documents, including invitations, competing bids, evaluations and the contract. Read also: Atiku demands disclosure of Nigeria-US health pact after Ghana’s rejection “Then show us the invitations. Show us the competing bids. Show us the evaluation. Show us the contract. Why must Nigerians drag every document out of a government spending their money?” he asked. Atiku also demanded disclosure of any financial or material support allegedly provided by government contractors to Tinubu’s re-election campaign. “Nigerians will not tighten their belts while the President’s associates collect contracts and the money behind his campaign remains hidden,” he said. “Nigerians have had enough of hardship dressed up as reform. Tinubu made life expensive. I will make Nigeria affordable again. Let this be the last year he asks Nigerians to suffer and applaud. In 2027, we will bring this chapter to an end,” Atiku said. Related News Nigeria’s PMI climb: Managers cheer as households wait WORLD IN BRIEF: France to close 500 schools amid protests, 12-year-old killed in Baltimore shooting, Cameroon secures $391m World Bank loan and other stories N1bn ransom, bomb threat keep 20 Oyo corps members in captivity Share

“Nigerians cannot tell from these totals what was spent on pipeline surveillance. What was paid? Who was paid? For what work? Where are the results?” he asked. He said the scale of the figures demanded greater scrutiny, noting that the N11.2 trillion NNPC receivables were more than three times the approximately N3.1 trillion allocated to the Ministry of Defence in 2025. Read also: Atiku tackles Tinubu over national budget, ‘Yahoo Yahoo’ promises “A mother should not have to pray her child survives the journey to school while her government cannot plainly explain the billions it spends on security. Tinubu must answer to the people living with these choices,” Atiku said. He further questioned the relationship between government contractors and Tinubu’s 2027 campaign, citing Tantita and the Chagoury-linked company involved in the Lagos-Calabar Coastal Highway project. “Look at the company Tinubu keeps. Tantita holds a pipeline security contract while its founder sends campaign vehicles out to seek another term for the President,” he said. On the Lagos-Calabar Coastal Highway, Atiku demanded the release of the procurement documents, including invitations, competing bids, evaluations and the contract. Read also: Atiku demands disclosure of Nigeria-US health pact after Ghana’s rejection “Then show us the invitations. Show us the competing bids. Show us the evaluation. Show us the contract. Why must Nigerians drag every document out of a government spending their money?” he asked. Atiku also demanded disclosure of any financial or material support allegedly provided by government contractors to Tinubu’s re-election campaign. “Nigerians will not tighten their belts while the President’s associates collect contracts and the money behind his campaign remains hidden,” he said. “Nigerians have had enough of hardship dressed up as reform. Tinubu made life expensive. I will make Nigeria affordable again. Let this be the last year he asks Nigerians to suffer and applaud. In 2027, we will bring this chapter to an end,” Atiku said. Related News Nigeria’s PMI climb: Managers cheer as households wait WORLD IN BRIEF: France to close 500 schools amid protests, 12-year-old killed in Baltimore shooting, Cameroon secures $391m World Bank loan and other stories N1bn ransom, bomb threat keep 20 Oyo corps members in captivity Share

He said the scale of the figures demanded greater scrutiny, noting that the N11.2 trillion NNPC receivables were more than three times the approximately N3.1 trillion allocated to the Ministry of Defence in 2025. Read also: Atiku tackles Tinubu over national budget, ‘Yahoo Yahoo’ promises “A mother should not have to pray her child survives the journey to school while her government cannot plainly explain the billions it spends on security. Tinubu must answer to the people living with these choices,” Atiku said. He further questioned the relationship between government contractors and Tinubu’s 2027 campaign, citing Tantita and the Chagoury-linked company involved in the Lagos-Calabar Coastal Highway project. “Look at the company Tinubu keeps. Tantita holds a pipeline security contract while its founder sends campaign vehicles out to seek another term for the President,” he said. On the Lagos-Calabar Coastal Highway, Atiku demanded the release of the procurement documents, including invitations, competing bids, evaluations and the contract. Read also: Atiku demands disclosure of Nigeria-US health pact after Ghana’s rejection “Then show us the invitations. Show us the competing bids. Show us the evaluation. Show us the contract. Why must Nigerians drag every document out of a government spending their money?” he asked. Atiku also demanded disclosure of any financial or material support allegedly provided by government contractors to Tinubu’s re-election campaign. “Nigerians will not tighten their belts while the President’s associates collect contracts and the money behind his campaign remains hidden,” he said. “Nigerians have had enough of hardship dressed up as reform. Tinubu made life expensive. I will make Nigeria affordable again. Let this be the last year he asks Nigerians to suffer and applaud. In 2027, we will bring this chapter to an end,” Atiku said. Related News Nigeria’s PMI climb: Managers cheer as households wait WORLD IN BRIEF: France to close 500 schools amid protests, 12-year-old killed in Baltimore shooting, Cameroon secures $391m World Bank loan and other stories N1bn ransom, bomb threat keep 20 Oyo corps members in captivity Share

Read also: Atiku tackles Tinubu over national budget, ‘Yahoo Yahoo’ promises “A mother should not have to pray her child survives the journey to school while her government cannot plainly explain the billions it spends on security. Tinubu must answer to the people living with these choices,” Atiku said. He further questioned the relationship between government contractors and Tinubu’s 2027 campaign, citing Tantita and the Chagoury-linked company involved in the Lagos-Calabar Coastal Highway project. “Look at the company Tinubu keeps. Tantita holds a pipeline security contract while its founder sends campaign vehicles out to seek another term for the President,” he said. On the Lagos-Calabar Coastal Highway, Atiku demanded the release of the procurement documents, including invitations, competing bids, evaluations and the contract. Read also: Atiku demands disclosure of Nigeria-US health pact after Ghana’s rejection “Then show us the invitations. Show us the competing bids. Show us the evaluation. Show us the contract. Why must Nigerians drag every document out of a government spending their money?” he asked. Atiku also demanded disclosure of any financial or material support allegedly provided by government contractors to Tinubu’s re-election campaign. “Nigerians will not tighten their belts while the President’s associates collect contracts and the money behind his campaign remains hidden,” he said. “Nigerians have had enough of hardship dressed up as reform. Tinubu made life expensive. I will make Nigeria affordable again. Let this be the last year he asks Nigerians to suffer and applaud. In 2027, we will bring this chapter to an end,” Atiku said. Related News Nigeria’s PMI climb: Managers cheer as households wait WORLD IN BRIEF: France to close 500 schools amid protests, 12-year-old killed in Baltimore shooting, Cameroon secures $391m World Bank loan and other stories N1bn ransom, bomb threat keep 20 Oyo corps members in captivity Share

“A mother should not have to pray her child survives the journey to school while her government cannot plainly explain the billions it spends on security. Tinubu must answer to the people living with these choices,” Atiku said. He further questioned the relationship between government contractors and Tinubu’s 2027 campaign, citing Tantita and the Chagoury-linked company involved in the Lagos-Calabar Coastal Highway project. “Look at the company Tinubu keeps. Tantita holds a pipeline security contract while its founder sends campaign vehicles out to seek another term for the President,” he said. On the Lagos-Calabar Coastal Highway, Atiku demanded the release of the procurement documents, including invitations, competing bids, evaluations and the contract. Read also: Atiku demands disclosure of Nigeria-US health pact after Ghana’s rejection “Then show us the invitations. Show us the competing bids. Show us the evaluation. Show us the contract. Why must Nigerians drag every document out of a government spending their money?” he asked. Atiku also demanded disclosure of any financial or material support allegedly provided by government contractors to Tinubu’s re-election campaign. “Nigerians will not tighten their belts while the President’s associates collect contracts and the money behind his campaign remains hidden,” he said. “Nigerians have had enough of hardship dressed up as reform. Tinubu made life expensive. I will make Nigeria affordable again. Let this be the last year he asks Nigerians to suffer and applaud. In 2027, we will bring this chapter to an end,” Atiku said. Related News Nigeria’s PMI climb: Managers cheer as households wait WORLD IN BRIEF: France to close 500 schools amid protests, 12-year-old killed in Baltimore shooting, Cameroon secures $391m World Bank loan and other stories N1bn ransom, bomb threat keep 20 Oyo corps members in captivity Share

He further questioned the relationship between government contractors and Tinubu’s 2027 campaign, citing Tantita and the Chagoury-linked company involved in the Lagos-Calabar Coastal Highway project. “Look at the company Tinubu keeps. Tantita holds a pipeline security contract while its founder sends campaign vehicles out to seek another term for the President,” he said. On the Lagos-Calabar Coastal Highway, Atiku demanded the release of the procurement documents, including invitations, competing bids, evaluations and the contract. Read also: Atiku demands disclosure of Nigeria-US health pact after Ghana’s rejection “Then show us the invitations. Show us the competing bids. Show us the evaluation. Show us the contract. Why must Nigerians drag every document out of a government spending their money?” he asked. Atiku also demanded disclosure of any financial or material support allegedly provided by government contractors to Tinubu’s re-election campaign. “Nigerians will not tighten their belts while the President’s associates collect contracts and the money behind his campaign remains hidden,” he said. “Nigerians have had enough of hardship dressed up as reform. Tinubu made life expensive. I will make Nigeria affordable again. Let this be the last year he asks Nigerians to suffer and applaud. In 2027, we will bring this chapter to an end,” Atiku said. Related News Nigeria’s PMI climb: Managers cheer as households wait WORLD IN BRIEF: France to close 500 schools amid protests, 12-year-old killed in Baltimore shooting, Cameroon secures $391m World Bank loan and other stories N1bn ransom, bomb threat keep 20 Oyo corps members in captivity Share

“Look at the company Tinubu keeps. Tantita holds a pipeline security contract while its founder sends campaign vehicles out to seek another term for the President,” he said. On the Lagos-Calabar Coastal Highway, Atiku demanded the release of the procurement documents, including invitations, competing bids, evaluations and the contract. Read also: Atiku demands disclosure of Nigeria-US health pact after Ghana’s rejection “Then show us the invitations. Show us the competing bids. Show us the evaluation. Show us the contract. Why must Nigerians drag every document out of a government spending their money?” he asked. Atiku also demanded disclosure of any financial or material support allegedly provided by government contractors to Tinubu’s re-election campaign. “Nigerians will not tighten their belts while the President’s associates collect contracts and the money behind his campaign remains hidden,” he said. “Nigerians have had enough of hardship dressed up as reform. Tinubu made life expensive. I will make Nigeria affordable again. Let this be the last year he asks Nigerians to suffer and applaud. In 2027, we will bring this chapter to an end,” Atiku said. Related News Nigeria’s PMI climb: Managers cheer as households wait WORLD IN BRIEF: France to close 500 schools amid protests, 12-year-old killed in Baltimore shooting, Cameroon secures $391m World Bank loan and other stories N1bn ransom, bomb threat keep 20 Oyo corps members in captivity Share

On the Lagos-Calabar Coastal Highway, Atiku demanded the release of the procurement documents, including invitations, competing bids, evaluations and the contract. Read also: Atiku demands disclosure of Nigeria-US health pact after Ghana’s rejection “Then show us the invitations. Show us the competing bids. Show us the evaluation. Show us the contract. Why must Nigerians drag every document out of a government spending their money?” he asked. Atiku also demanded disclosure of any financial or material support allegedly provided by government contractors to Tinubu’s re-election campaign. “Nigerians will not tighten their belts while the President’s associates collect contracts and the money behind his campaign remains hidden,” he said. “Nigerians have had enough of hardship dressed up as reform. Tinubu made life expensive. I will make Nigeria affordable again. Let this be the last year he asks Nigerians to suffer and applaud. In 2027, we will bring this chapter to an end,” Atiku said. Related News Nigeria’s PMI climb: Managers cheer as households wait WORLD IN BRIEF: France to close 500 schools amid protests, 12-year-old killed in Baltimore shooting, Cameroon secures $391m World Bank loan and other stories N1bn ransom, bomb threat keep 20 Oyo corps members in captivity Share

Read also: Atiku demands disclosure of Nigeria-US health pact after Ghana’s rejection “Then show us the invitations. Show us the competing bids. Show us the evaluation. Show us the contract. Why must Nigerians drag every document out of a government spending their money?” he asked. Atiku also demanded disclosure of any financial or material support allegedly provided by government contractors to Tinubu’s re-election campaign. “Nigerians will not tighten their belts while the President’s associates collect contracts and the money behind his campaign remains hidden,” he said. “Nigerians have had enough of hardship dressed up as reform. Tinubu made life expensive. I will make Nigeria affordable again. Let this be the last year he asks Nigerians to suffer and applaud. In 2027, we will bring this chapter to an end,” Atiku said. Related News Nigeria’s PMI climb: Managers cheer as households wait WORLD IN BRIEF: France to close 500 schools amid protests, 12-year-old killed in Baltimore shooting, Cameroon secures $391m World Bank loan and other stories N1bn ransom, bomb threat keep 20 Oyo corps members in captivity Share

“Then show us the invitations. Show us the competing bids. Show us the evaluation. Show us the contract. Why must Nigerians drag every document out of a government spending their money?” he asked. Atiku also demanded disclosure of any financial or material support allegedly provided by government contractors to Tinubu’s re-election campaign. “Nigerians will not tighten their belts while the President’s associates collect contracts and the money behind his campaign remains hidden,” he said. “Nigerians have had enough of hardship dressed up as reform. Tinubu made life expensive. I will make Nigeria affordable again. Let this be the last year he asks Nigerians to suffer and applaud. In 2027, we will bring this chapter to an end,” Atiku said. Related News Nigeria’s PMI climb: Managers cheer as households wait WORLD IN BRIEF: France to close 500 schools amid protests, 12-year-old killed in Baltimore shooting, Cameroon secures $391m World Bank loan and other stories N1bn ransom, bomb threat keep 20 Oyo corps members in captivity Share

Atiku also demanded disclosure of any financial or material support allegedly provided by government contractors to Tinubu’s re-election campaign. “Nigerians will not tighten their belts while the President’s associates collect contracts and the money behind his campaign remains hidden,” he said. “Nigerians have had enough of hardship dressed up as reform. Tinubu made life expensive. I will make Nigeria affordable again. Let this be the last year he asks Nigerians to suffer and applaud. In 2027, we will bring this chapter to an end,” Atiku said. Related News Nigeria’s PMI climb: Managers cheer as households wait WORLD IN BRIEF: France to close 500 schools amid protests, 12-year-old killed in Baltimore shooting, Cameroon secures $391m World Bank loan and other stories N1bn ransom, bomb threat keep 20 Oyo corps members in captivity Share

“Nigerians have had enough of hardship dressed up as reform. Tinubu made life expensive. I will make Nigeria affordable again. Let this be the last year he asks Nigerians to suffer and applaud. In 2027, we will bring this chapter to an end,” Atiku said. Related News Nigeria’s PMI climb: Managers cheer as households wait WORLD IN BRIEF: France to close 500 schools amid protests, 12-year-old killed in Baltimore shooting, Cameroon secures $391m World Bank loan and other stories N1bn ransom, bomb threat keep 20 Oyo corps members in captivity Share