Article
Where Is Our Money? Nigeria’s Federation Account Crisis And The Case For Reform
Nigeria's Federation Account, the constitutional repository for all federal revenues, is hemorrhaging up to ₦20 trillion annually through systemic leakages and unauthorized deductions. With nearly 40% of gross revenues consumed before distribution to government tiers, the country faces a paradox of substantial revenue generation alongside crushing debt, raising urgent questions about constitutional compliance, institutional accountability, and the structural reforms needed to restore fiscal integrity.
Olisa Agbakoba Legal (OAL)
