Renowned legal practitioner and former Nigerian Bar Association (NBA) president, Olisa Agbakoba, has alleged that over ₦20 trillion may have been lost from Nigeria’s Federation Account through under-remittances, unauthorised deductions, and weak financial oversight. Speaking through a detailed policy statement released on Wednesday, Agbakoba questioned the management of Nigeria’s public revenues and warned that the country’s worsening debt crisis was being fueled by massive leakages from funds meant to accrue to the Federation Account. According to him, the Federation Account — established under Section 162 of the 1999 Constitution —…
Read More‘₦20tr missing’: Agbakoba raises alarm over Federation Account leakages
