N8.8tn unaccounted funds, PFIPC: Atiku Issues Strong Ultimatum to Tinubu

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Former Vice President of Nigeria and presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has urged President Bola Ahmed Tinubu to either sign the Federal Audit Service Bill into law or resign from office.

In a statement issued on Friday by his spokesperson, Phrank Shaibu, Atiku expressed concern over President Tinubu’s continued delay in taking action on the Federal Audit Service Bill months after it was transmitted to him by the National Assembly.

He described the delay as another indication of an administration that appears increasingly indifferent to constitutional discipline, institutional accountability and the rule of law.

Atiku reminded the President that Section 58(4) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended), provides: “Where a bill is presented to the President for assent, he shall within thirty days thereof, signify that he assents or that he withholds assent.”

“That provision is neither decorative nor discretionary. It is a constitutional command. The framers of our Constitution never envisaged a president who would simply sit on legislation indefinitely while governance drifts without certainty or accountability.”

Atiku stated that the Federal Audit Service Bill was designed to modernise Nigeria’s audit architecture, strengthen the independence of the Auditor-General and improve oversight of public expenditure.

Despite the significance of the bill, Atiku argued that delaying action on such legislation sends the wrong signal at a time when Nigerians are demanding stronger institutions and greater accountability in public finance.

“Every major scandal begins with a smaller act of institutional neglect. It begins when constitutional provisions are treated as optional, when oversight institutions are weakened and when those entrusted with enforcing the law become comfortable operating outside its clear boundaries.

“That is why the recent controversy surrounding the so-called Presidential Foreign Intervention Promotion Council (PFIPC) should not be viewed merely as an isolated episode. Whatever conclusions ongoing investigations or official processes may ultimately reach, the controversy exposed the dangers that arise when institutional safeguards are weak, official narratives conflict and public confidence in governance is allowed to deteriorate.”

The statement comes amid the controversy surrounding the International Monetary Fund’s revelation of N8.8 trillion in unaccounted expenditure by the Tinubu administration and the ongoing PFIPC scandal.

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