The presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has accused the administration of President Bola Tinubu of gross corruption following claims that ₦8.83 trillion in 2025 expenditure was not captured in the national budget.

Obi made the allegation in a statement posted on his X (formerly Twitter) account on Sunday, citing what he described as findings from the International Monetary Fund (IMF) consultation report.

According to him, the reported expenditure was not appropriated in the 2025 budget and was therefore outside legislative oversight and administrative scrutiny.

“The recent report from the IMF consultation further raises concerns about the scale of grand corruption under the Tinubu government. The IMF now reveals that about ₦8.83 trillion in expenditure undertaken in 2025 is not reflected in the budget. This expenditure is not budgeted and is therefore not under legislative oversight or administrative scrutiny. This is horrible,” Obi said.

He argued that the amount represents about two per cent of Nigeria’s Gross Domestic Product (GDP) and over 35 per cent of the country’s ₦23.96 trillion capital expenditure budget for 2025.

Obi also claimed that the sum exceeds the combined allocations to the education and health sectors in the 2025 budget, saying it could have been used to improve public services, create jobs and support economic development if properly managed.

The former Anambra State governor alleged that the development reflected a pattern of financial mismanagement under the current administration.

He further accused the government of failing to uphold basic principles of public financial management, warning that such practices could undermine national stability and deepen poverty.

Describing the administration as “grossly corrupt, incompetent and insensitive,” Obi argued that the reported expenditure underscored the need for greater accountability in the management of public resources.

He also reiterated his earlier call for President Tinubu to resign, citing what he described as incompetence, failure to fulfil campaign promises and alleged lack of commitment to the welfare and security of Nigerians.

Obi urged citizens to hold the government accountable through lawful and democratic means.

The Presidency and the Federal Government had not responded to Obi’s claims as of the time of filing this report.

Presidential candidate of the Nigeria Democratic Congress, NDC, Mr Peter Obi, has accused the administration of President Bola Tinubu of presiding over what he described as “grand corruption,” citing an alleged N8.83 trillion in unbudgeted expenditure highlighted in a recent International Monetary Fund consultation report.

In a statement titled “Grand Corruption: Nigeria’s Greatest Threat,” posted on his X account on Sunday, Obi claimed the reported expenditure was not captured in the 2025 budget, arguing that it was therefore outside legislative oversight and administrative scrutiny.

According to him, the N8.83 trillion represents about two per cent of Nigeria’s Gross Domestic Product (GDP), more than 35 per cent of the country’s 2025 capital budget of N23.96 trillion, and exceeds the combined allocations for education and health.

Obi said the funds, if properly utilised and accounted for, could have significantly improved public healthcare, education and job creation through the establishment of cottage industries.

He alleged that the development was not an isolated case but part of a broader pattern of corruption under the current administration.

The former Anambra State governor further accused the government of disregarding public finance management rules, warning that such practices threaten national security, deepen poverty and weaken state institutions.

Describing the All Progressives Congress (APC)-led administration as “grossly corrupt, incompetent and insensitive,” Obi argued that the alleged mismanagement of public resources had worsened the country’s economic and social challenges.

Reiterating an earlier call for Tinubu to resign, Obi said recent developments had reinforced his position that the President should step down over what he described as incompetence, lack of compassion and failure to fulfil campaign promises.

“The recent report from the IMF consultation further raises concerns about the scale of grand corruption under the Tinubu government. 

“The IMF now reveals that about N8.83 trillion in expenditure undertaken in 2025 is not reflected in the budget. This expenditure is not budgeted and is therefore not under legislative oversight or administrative scrutiny. This is horrible.

“N8.83 trillion is as follows:

“About 2% of our GDP.

Over 35% of Nigeria’s 2025 N23.96 trillion capital project budget. In fact, the amount is more than the actual released capital funding for 2025.

“It is more than the entire combined budget for education (N3.52 trillion) and health (N2.38 trillion).

“If such an amount is properly used and accounted for, it could transform Nigeria’s public health and education sectors. It could create hundreds of cottage industries that can provide jobs for thousands of graduates and build a solid foundation for economic development. But we cannot account for it. This is not an isolated incident.

“This is a pattern of grand corruption that has become part of this administration.

“We have a lot to worry about regarding the state of corruption under President Tinubu. 

“The sort of corruption that is ingrained in total disregard of elementary rules of public finance management poses a grave danger to national security and the stability of the Nigerian state,” part of the statement read.

The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has hinted on the emergence of a new Vice President, Secretary to the Government of the Federation, SGF, and Senate President.

Primate Ayodele also warned of underground plans to rig the 2027 general elections.

He disclosed this during the release of the 32nd edition of his annual prophecy book, ‘Warnings To The Nations’.

The presentation was done during a world press conference on Saturday at his Lagos headquarters church.

According to Primate Ayodele: “I foresee a new Vice President, a new Secretary to the Government of the Federation, SGF, Senate President and a new Federal Minister. 

“I foresee a lot of underground plans to rig the 2027 elections. I foresee a former Head of State will not support Tinubu.”

The popular Nigerian prophet also disclosed that the North would be angry with President Bola Tinubu ahead of the 2027 elections.

He warned that Tinubu’s victory in the 2027 elections is not yet certain, stressing that a lot of Nigerians will rise up against him.

“The Northern parts of the country will be angry with Tinubu. The ruling party will be struggling to sustain their federal or the seat at the Centre.

“I foresee that the Tinubu victory is not yet certain except Tinubu takes a bold step.

“A lot of people will rise up against Tinubu. Tinubu will want to do last minute changes even of the Service Chiefs,” he said.

The clergyman further disclosed that Governor Ademola Adeleke of Osun State will win the forthcoming governorship election in the state.

“The present Osun governor will win but must be on top of the election so that the polls results will not be rigged.

“I foresee the Ruling party is putting pressure on INEC as to what should be done by the electoral body,” Primate Ayodele said.