Peter Obi Accuses Tinubu-Led APC Government Of Grand Corruption, Demands Resignation

The 2027 presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has reiterated his position that President Bola Tinubu should resign over incompetence, lack of compassion and failure to deliver campaign promises.

Peter Obi in a statement on his 𝕏 handle on Sunday accused Tinubu’s government of presiding over grand corruption citing an alleged ₦8.83 trillion in unbudgeted expenditure, as highlighted in a recent International Monetary Fund (IMF) consultation report.

He said the reported expenditure was not captured in the 2025 budget, adding that it was outside legislative oversight and administrative scrutiny.

He said the ₦8.83 trillion represents about two per cent of Nigeria’s Gross Domestic Product (GDP), over 35 per cent of the country’s 2025 capital budget of ₦23.96 trillion and more than the combined allocations for education and health.

The ex-Governor of Anambra State argued that the development was not an isolated case but part of a wider pattern of corruption under Tinubu’s administration.

Peter Obi argued that with the daily disclosures of widespread corruption in the current administration and its utter lack of concern for the well-being and security of Nigerian people, the only logical course of action is for President Tinubu to step down from office.

“The recent report from the IMF consultation further raises concerns about the scale of grand corruption under the Tinubu government. The IMF now discloses that about N8.83 trillion expenditure undertaken in 2025 is not captured in the budget. This is an unbudgeted expenditure and as such it is not subject to legislative oversight nor administrative scrutiny. That’s awful. The N8.83 trillion is made up of:

1.Approx.2% of our GDP.

2. More than 35% of Nigeria’s N23.96 trillion capital project budget for 2025. In fact, it exceeds the actual released capital funding for 2025.

3. It is more than the total budget for education (N3.52 trillion) and health (N2.38 trillion) put together.

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

“This is a pattern of grand corruption that has become part of this administration. We have enough to worry about the state of corruption under President Tinubu. The nature of corruption that is rooted in total disregard of elementary rules of public finance management constitutes a serious threat to national security and the stability of the Nigerian state. The capture of the Nigerian state and the looting of its resources are actions that weaken the foundations of state stability and increase poverty and state failure.

“This latest revelation is a testament to the gross corruption, incompetence and insensitivity of the APC government. A responsible and responsive government would ensure that N8.83 trillion is judiciously deployed to bridge the gaps with rising poverty and the pressing demand for massive upgrades of social and physical infrastructure. But not the Tinubu government.

Few days ago, I called for the resignation of President Tinubu from office for incompetence, lack of capacity, lack of compassion and failure to improve on his campaign promises. Some people thought maybe the call was excessive. But with the daily revelations of pervasive corruption in this administration and its total lack of commitment to the welfare and security of Nigerian citizens, the only sensible action is for President Tinubu to resign from office. The Tinubu regime’s breakdown of basic forms of due process and mounting evidence of rampant looting of Nigeria’s public treasury only strengthens the case for more accountability. “Nigerian citizens are now called upon to rise within the law and hold this administration to account.”