Presidency Says Adeyemi’s Letter Was Forged + Fake Agency Traced To Buhari-Era Body
In explosive new details, the Presidency says police found that Prince Adeniyi Adeyemi’s appointment letter was forged, noting that only the Secretary to the Government of the Federation and not the Chief of Staff can issue such letters.
It comes as an investigation alleges that Adeyemi exploited the name of a dormant Buhari-era government body to secure a ₦1.3 billion budget allocation, office space, and three civil servants.
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#Gbajagate: Gbajabiamila Asked Me For N12.5 Billion From Take Off Grant, When I Refused To Pay, He Threatened To Deal With Me — PFIPC DG, Adeniyi Adeyemi https://t.co/SoT5RwUiG3
@AyoOyalowo What kind of human being is this...
APC frequent attack of Peter Obi is evidence the Obi is the real deal ... We need no soothesayer APC in itself confirms that
IMF says that government spent 8.8 trillion extra budgetary spending that’s 2 percent of GDP and Nigerians don’t even understand their commonwealth and then people will talk about tokenism for 50k grant for Akara seller and you praise them
Why can’t this money be channeled to the poor!
Since BAT rejected IMF loans, IMF has raised concerns:
1. Oil revenue fell below expectations, straining govt finances.
2. 2% of GDP in public spending was reportedly extra-budgetary.
Whether IMF likes it or not, Nigeria isn't taking loans for now. Maybe later, but not now.
I will hardly trust any data that comes out of government if 8.8 trillion can be hidden
A plane landed on an expressway and people came down but the government can’t produce manifest of the plane ?
An experience coach should not be bending to fans demands Kendrick is just a Brazilian Garnacho He cannot be ahead of Igor Tiago in the first place let alone replace Cunha
He came on and missed a chance Cunha would burry Anceloti will wish he had waited few minutes before the sub
You are dreaming when there is already spots allocation in Abuja and Lagos for selling akara and kuli kuli... Their grant with pride is not for education it's for selling akara.
You must either pay now or pay later(NELFUND) for education in Tinubu useless govt. DREAM ON!!!
The Crisis Started When I Refused His N12.5bn Demand" - DG Adeniyi
— DG Adeniyi says the Chief of Staff asked him for N12.5 billion and the problem began when he refused to pay.
Now they will use the entire screen of 5 to 10 phones to write defense for the accusations not more than a phrase or sentence. Who will read this defense
PRESS RELEASE
FEDERAL MINISTRY OF FINANCE
5 July 2026
𝐑𝐄𝐒𝐏𝐎𝐍𝐒𝐄 𝐓𝐎 𝐑𝐄𝐂𝐄𝐍𝐓 𝐌𝐈𝐒𝐑𝐄𝐏𝐑𝐄𝐒𝐄𝐍𝐓𝐀𝐓𝐈𝐎𝐍𝐒 𝐎𝐍 𝐏𝐔𝐁𝐋𝐈𝐂 𝐄𝐗𝐏𝐄𝐍𝐃𝐈𝐓𝐔𝐑𝐄
The Federal Government has noted recent public commentary alleging that approximately two percent of GDP amounting to over ₦8 trillion was spent outside the approved budget based on references to the IMF Representative in Nigeria and the Fund's 2026 Article IV Consultation Report. These claims are incorrect and risk misleading the public regarding the government's financial management.
For the avoidance of doubt, the Federal Government does not operate a "shadow budget" or expend public funds outside the constitutional and statutory framework established for public finance.
Under Sections 80 - 83 and 162 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended), public funds may only be withdrawn and expended in accordance with the Constitution and laws enacted by the National Assembly. Accordingly, Federal Government expenditure is incurred pursuant to duly enacted Appropriation Acts, Supplementary Appropriation Acts, and other statutory authorities enacted by the National Assembly. In addition, multi-year capital projects which necessarily span multiple budgets are implemented in accordance with extant laws and approved provisions for capital rollovers where applicable. These are recognised features of public financial management and should not be misconstrued as expenditures outside the budget.
It is inaccurate to suggest that trillions of naira have been secretly spent outside legislative approval. Such allegations should have identified the specific projects purportedly executed without appropriation or legal authority and present credible evidence in support of the claim. To be meaningful, assertions of this magnitude must be supported by verifiable facts rather than conjecture.
For the purpose of public education, it is important to distinguish between appropriation, expenditure authorisation, financing, and fiscal reporting.
Nigeria's public finance framework contains several statutory transfers, first-line charges and intervention mechanisms established by Acts of the National Assembly. These include, among others:
- Statutory allocations and contributions to development commissions and other agencies created by law.
- Cost of collection and cost of administration retained by designated revenue-collecting agencies as expressly provided under relevant legislation.
- Capital expenditure approved in separate budgets for some agencies and the Federal Capital Territory by the National Assembly.
- Special interventions approved by law to address national priorities such as security, infrastructure, disaster response, and other strategic national programmes or emergencies.
- Debt service obligations and other statutory transfers that are authorised under applicable legislation.
These expenditures are neither secret nor illegal. They are established by law, disclosed in various fiscal reports, and subject to applicable oversight, audit and accountability mechanisms. Their treatment for reporting purposes may differ from their presentation in the annual Appropriation Act, particularly under international statistical and reporting standards adopted by the Federal Government. Such classification differences should not be misrepresented as evidence of unlawful expenditure.
It is equally incorrect to suggest that the reported amount represents an increase in budget deficit. A fiscal deficit is determined by the relationship between total government revenues and total government expenditures. Whether a capital project is financed through annual appropriations, supplementary appropriations, statutory transfers, approved intervention mechanisms, or other lawful financing arrangements does not, by itself, increase the fiscal deficit.
Indeed, the IMF's observation relates primarily to the comprehensiveness, timing and presentation of fiscal reporting rather than the legality of expenditure. Like many countries, Nigeria continues to strengthen the alignment between budget presentation and international fiscal reporting standards as part of ongoing public financial management reforms. As a matter of fact, His Excellency, President Bola Ahmed Tinubu, GCFR had himself formally requested the National Assembly to end the practice of running multiple and overlapping budgets, and rather harmonise into a single, cohesive framework during his presentation of the 2026 Appropriation Bill to a joint session of the National Assembly on December 19, 2025.
The Federal Government remains firmly committed to prudent fiscal management, transparency and accountability. Recent reforms have significantly strengthened public financial management with ongoing improvements in budget assumptions and credibility, transparent revenue administration, digitalisation of government financial processes, and stronger treasury management. These reforms have been acknowledged by the IMF itself and other multilateral institutions, as well as international credit rating agencies, major media organisations and investors.
Public debate is both welcome and essential in a democratic society. However, it should be based on facts and an accurate understanding of Nigeria's constitutional and fiscal framework. Mischaracterising technical observations as evidence of unlawful expenditure neither advances informed public discourse nor strengthens democratic accountability.
The Federal Government will continue to uphold the rule of law, maintain transparency in the management of public resources, and work with the National Assembly, oversight institutions, development partners and the Nigerian people to further strengthen fiscal governance in line with international best practices.
Signed:
Taiwo Oyedele
Honourable Minister of Finance and Coordinating Minister of the Economy
Federal Republic of Nigeria
Who will talk
Some citizens who collect some chunk in vote buying in the form of semo bread cartons of peanuts giveaway women who collected cars for campaign judges who collected free houses, Oshiomole who shevers from the truth when apkabio arrassed ... But WHO?