₦airaland Forum

I want to ask Nigerians one simple question, and I want us to actually answer it together: WHERE DOES OUR MONEY GO?

The money you collectively earn as a country, every kobo of oil revenue, every customs duty, every company tax, every regulatory fee, and every court fine. The money that supposedly funds our roads, schools, hospitals, and police.

Most Nigerians do not know this, so let me start with something that may shock you: Nigeria has a special bank account. It is called the FEDERATION ACCOUNT. The 1999 Constitution created it in Section 162. Every kobo of revenue the federal government collects on behalf of Nigeria is supposed to flow into that one account. Then it is shared among the federal government, the 36 states, and the 774 local governments according to a sharing formula.

That is the law. That is what the Constitution actually says.

In 2025 alone, according to the World Bank's Nigeria Development Update, ₦14.94 TRILLION of federation revenue was "deducted" before it ever reached the Federation Account. That is 39% — nearly two-fifths — of what Nigeria earned, gone before any state or LGA saw a single kobo.

In 2024, NNPCL — Nigeria's biggest revenue generator — was supposed to remit ₦1.1 trillion to the Federation Account. It remitted ₦600 billion. Where is the ₦500 billion?
There is currently an active FAAC investigation into allegations that NNPCL under-remitted $42.37 BILLION between 2011 and 2017. At today's exchange rate, that is roughly ₦12.91 trillion. For perspective, that is more than our entire 2024 federal budget. From one company. Over six years. And remember, these are just the leakages we know about.

MEANWHILE, WE ARE DROWNING IN DEBT

Nigeria's total public debt at the end of 2025 was ₦159.27 TRILLION (Debt Management Office, February 2026). In 2023, debt service consumed 78% of federal revenue. In 2024, it consumed 69%. The IMF and World Bank recommend countries keep debt service to 30–40% of revenue. We are nearly double that benchmark. Out of every ₦1 the federal government earned last year, almost 70 kobo went to paying back loans. That leaves 30 kobo for everything else: hospitals, schools, roads, police, military, civil service salaries, infrastructure, and security— for 220 million Nigerians.

And what are we borrowing for? In large part, we are borrowing to fund services that our OWN revenues — if they actually reached the Federation Account — should be funding. Let that sink in. We are borrowing money, at interest, to replace money we already earned but never collected properly.

This is why fuel is expensive. This is why school fees doubled. This is why your salary buys less every month. This is why hospitals have no drugs. This is why universities are always on strike. This is not corruption in the abstract. This is a constitutional account that has been broken for 25 years.
Section 162 of the Constitution created the Federation Account in 1999. But the Constitution did not say:
• Who is supposed to keep the account safely?
• How quickly money must be remitted after collection
• Who audits the account?
• What happens if you steal from it?
• Whether the public is allowed to see the records

Twenty-five years of silence on these questions has allowed every kind of administrative trick to take root. Agencies deduct "management fees" before remitting. NNPCL retains "costs" before paying in. Some agencies open unauthorised sub-accounts. Some collect cash and never remit. The 2023 House of Representatives investigation found that ₦8.7 trillion passed through the Treasury Single Account but agencies had proliferated unauthorised parallel accounts the whole time.

The Minister of Finance HERSELF admitted in 2024 that until August of that year, the federal government could not fully see its own balance sheet. Read that line again. In 2024, the people running the country could not see all the money the country had.

I know somebody will ask this in the replies, so let me address it now.

The Treasury Single Account was introduced in 2015 by Dr. Okonjo-Iweala as Finance Minister. It was a well-intentioned reform — consolidate government accounts, reduce leakage. And for a few years, it helped reduce the number of MDA bank accounts.

But here is the problem: the TSA is NOT in the Constitution. It was an executive memo. A circular. It can be undone tomorrow by any President. And worse, it covers Federal Government cash management — it does NOT solve the constitutional problem of revenues belonging to states and LGAs being deducted before they reach the Federation Account. The TSA addressed symptoms. It did not cure the disease. Hence ₦14.94 trillion still vanished in 2025 — a decade after the TSA was introduced.

Dr Olisa Agbakoba (SAN) released a policy paper this month titled "Where Is Our Money? Nigeria's Federation Account Crisis and the Case for Reform." I have read it. You should read it too.

The proposed fix is honestly so straightforward that it is almost insulting that we have not done it already.

Drop your thoughts below. Tag your senator. Tag your governor. Share this with one person who does not know.
#WhereIsOurMoney #Section162

Source: Dr Olisa Agbakoba Legal Policy Paper, April 2026 — "Where Is Our Money? Nigeria's Federation Account Crisis and the Case for Reform.

https://www.youtube.com/watch?v=Mezx88kL8Bw&pp=ygUUb2xpc2EgYWdiYWtvYmEgbGVnYWw%3D

helinues:
And you refused to answer my questions.

What's wrong with a single mother?

Do you have any at all in your family? If yes, who should get married to her

helinues:
Is there anything wrong with single mothers? You don't have any in your family? So who should marry that your family members who is a single mother?

Why is Abdulrahman Abdulrazaq so determined to impose Yakubu Danladi-Salihu as his successor?

Is the Speaker really the only credible candidate from Kwara North or is this just about putting one of his “boys” there so he can keep control even after leaving office?

Kwara North is full of seasoned, intellectuals, and leaders.!So why narrow it down to just one person?

This move looks calculated pushing someone who has consistently aligned with the Governor without question. As Speaker, he presides over the House and plays an important role in approving government spending. That means every major financial decision of this administration has passed through him without resistance.

So the real question is: is this about competence… or about continuing a system where nobody questions anything?

Jilo83:
His mind no dey with ADC again..
He will soon japa

If Abdulrahman Alade Abdulrasak, the Governor of Kwara State, had heeded to the warning of this reporter on December 23, 2025, that his Third Term Agenda, which he is masquerading as Kwara North Agenda, will end in disgrace like Kurumi’s tortoise journey, he won’t be flogging a dead horse today by sponsoring protests across Kwara – all in a bid to deceive the world that Kwarans are behind the aspiration of his anointed lackey Danladi Yakubu, Speaker of the Kwara House of Assembly, as the next governor of the state Olukayode Thomas reports.

Introduction

The Governor of Kwara State, Abdulrahman Abdulrasak, has resorted to sponsoring protests to wriggle himself out of self-inflicted travails.

After frittering away the gains of O to ge, coupled with his non-performance as governor, and making enemies that will last a lifetime, Abdulrasak felt he had a solid plan B: a third – term in office through a puppet.

And the man for the job is Danlandi Yakubu, the Speaker of the Kwara State House of Assembly, whom he had planned to crown as the next Governor using the Kwara North Agenda as a smokescreen.

Then penultimate Thursday, the unanticipated happened. It was reported that President Bola Tinubu and the APC leaders have endorsed Bashir Omolaja Bolarinwa (BOB) as the man who will fly the APC flag in the Kwara State gubernatorial election in 2027.

Since the news filtered in, Abdulrasak has lost sleep.

Third Term Agenda not an afterthought
Just a few months into his government, Abdulrasak rolled out his political hegemony plan. To achieve this, he formed a band that sang sonorous songs to Kwarans about the beauty of power shifting to Kwara North, with Yakubu as the beneficiary.

The Chief Chorister was Kunle Sulyman.

But the cacophony of tunes from Sulyman and his Orchestral did not resonate with Kwarans. They saw it as an agenda to install a stooge for Abdulrasak’s third term.

They argued that if the governor actually loves Kwara North, he should have anointed a strong-willed politician from Kwara North, such as Ibrahim Isa Bio, a former Minister of Transport and Sports, or another charismatic politician from the North.

When Sulyman and his band’s songs were submerged by the nays, Abdulrasak turned to members of the State House of Assembly. The legislators’ songs were also greeted with rejection. Local Government Chairmen also failed to galvanise Kwarans behind Yakubu.

Next, Abdulrasak turned to traditional rulers. According to Sahara Reporters, these were promised ₦100 million each, in two tranches, if they could convince Kwarans to support the installation of Yakubu. This also failed.

The moment the news of BOB’s endorsement became public, Abdulrasak went back to sponsoring paid adverts and press conferences by APC elders, Kwara elders, traditional rulers, Local Government chairmen, and others to protest the decision.

But Kwarans are unimpressed with the pro-Yakubu campaign, ditto stakeholders in the Kwara APC.

Why Abdulrasak wants Danladi by any means

Are Abdulrasak and Yakubu Siamese twins? Why the insistence on him when APC stakeholders at local, state and national levels have rejected him?

Many Kwarans allege that Abdulrasak wanted a yes man, like Yakubu, who would cover atrocious dealings.

Many alleged that the misgovernment includes, but is not limited to, what has been described as the biggest rape of Kwara since creation by Ayansola Mohammed, a former legislator, via a N35 billion bond.

According to Mohammed, the bond was not included in the 2021 budget, and the repayment plan is outrageous. Ayansola had expressed surprise that funds had already been allocated to most of the projects in the bond in the 2021 budget.

Only Yakubu will succeed Abdulrasak and not probe these projects: Tunde Idiagbon Flyover, the one at Unity Road, the beautification works done around Unity and GRA, all said to be awarded at an outrageous cost.


Others include the remodelling of 172 rooms Kwara Hotel. From an initial quote of N3.5 billion by Crystal Group, Abdulrasak eventually awarded the renovation to Craneburg for N17.8, with a report suggesting that it could eventually rise to N30 billion.

Only Yakubu will not want to know why his godfather spent N724 million on foreign trips within three months, according to NBS.

Abdulrasak’s shabby and poorly done renovation and rehabilitation of supposedly dilapidated schools across the state, like Government High School Adeta, Pategi Secondary School, Offa Grammar School, and others, will interest a successor who prioritises accountability.

Only Yakubu will not want to work with Wale Edun, the Minister of Finance, and Lateef Fagbemi, Minister of Justice and Attorney General, so that the duo can scrutinise what happened to local governments’ funds in the eight years of Abdulrasak.

Government of family by family for family

Bukola Saraki’s era has been described as a government of friends for friends and empowerment of friends in all the 16 local governments in Kwara State, with Kwarans from Central highly favoured.

Abdulfatah Ahmed was a lone ranger; doors were closed to families and friends, except a few highly favoured from Kwara Central.

Under Abdulrasak, governance in Kwara has been described as government of family, by family and for family.

The first major contract under him, the renovation of the government house, was said to have been given to a family member.

PeterObi2041:
Facts over emotions and sadistic opinion. Nigeria under Asiwaju was better than Buhari era.

AkpabioSP:
Mallam El-Rufai really traumatized the good people of Kaduna.

I hope nemesis catches up with him.

AlimiAlao:
Elrufai is not just dangerous; he's a national security NIGHTMARE

madamgrace:
Nigerians should wake up to call out this Jeffrey Epstein version of Nigeria to order because Nigeria is bigger than his cruel heart.

Nigeria’s First Full-Length 3D Animated Musical Arrives in Cinemas September 5, 2025 — Soundtrack Album Rites of Passage to Launch Alongside Release

Lagos, Nigeria — 2nd September, 2025 —

Gammy & The Living Things, a groundbreaking 3D animated feature from Utricle Studios, is set to debut nationwide on September 5, 2025, exclusively distributed by FilmHouse Cinemas.

A landmark in African cinema, the film blends cutting-edge animation with vibrant storytelling and original music. At its heart is Gammy, a spirited Agama lizard who leaves the quiet Hinterland for the fast-paced, music-fueled streets of Lagos. Alongside his band of loyal friends, he embarks on an adventure filled with rhythm, struggle, and redemption.

A Creative-Tech Milestone from Utricle Studios

As Nigeria’s pioneering Creative-tech/Animation production house, Utricle Studios has consistently pushed the boundaries of storytelling across film, animation, and digital platforms. With Gammy & The Living Things, the studio continues its mission to deliver world-class entertainment rooted in African culture — proof that African stories can stand shoulder to shoulder with the very best on the global stage.

All-Star Cast Brings Gammy’s World to Life
The film features some of Africa’s most celebrated talents:
• Jude ‘MI’ Abaga as Gammy
• Joke Silva as NG
• Bimbo Akintola as Endy
• Segun Arinze as Dr. Koko
• Pete Edochie as Wu
• John Dumelo as Fante
• Alongside Bovi, Sadiq Daba, Avril, Mazino Appeal, Ruby Gyang, Oluremi Olutimayin, Lord Frank, and more.

Music as the Film’s Beating Heart — Rites of Passage Album
Accompanying the cinematic release is Rites of Passage, an album by Uphorik Sounds, Nigeria’s premiere sound agency. Uphorik Sounds is dedicated to crafting innovative music experiences that bridge tradition and modernity, and this project exemplifies that mission.


https://www.youtube.com/watch?v=sGd-mpHPxw4?feature=shared

The inspiring 13-track sonic journey captures the experiences and emotions of Gammy & The Living Things, making it the first-of-its-kind animated film soundtrack EP. Featuring an impressive roster of today’s superstars — TuFace, M.I Abaga, Made Kuti, Timi Dakolo, Waje, Ric Hassani, Praiz, Johnny Drille, and Goya Menor — Rites of Passage bridges generations through music.

Adding even more depth, the album revives timeless works from legendary veterans including Blakky, Ras Kimono, Majek Fashek, The Mandators, and William Onyeabor, creating a soundscape that is both uniquely Nigerian and globally resonant.

A Cultural Milestone for Nigerian Storytelling
Gammy & The Living Things is more than a movie; it’s a statement of pride in African creativity, said Ikem isiekwena, the writer/Director of the movie. With Rites of Passage alongside the film, we’re celebrating the rhythm, history, and future of Nigerian music and animation on the same stage.

The film also introduces “Creaturepedia”, an innovative character universe that highlights the richness of African wildlife and folklore, designed to inspire young audiences while entertaining the entire family.

Nationwide Distribution with FilmHouse
With FilmHouse Cinemas as distribution partner, Gammy & The Living Things will open across major cinema chains nationwide, giving Nigerian audiences the chance to experience the spectacle where it belongs — on the big screen.

Release Details
• Title: Gammy & The Living Things
• Genre: Animation · Musical · Family
• Release Date: September 5, 2025
• Distributor: FilmHouse Cinemas
• Produced by: Utricle Studios
• Official Soundtrack: Rites of Passage (Uphorik Sounds)

A group known as the Peoples Democratic Party (PDP) Renaissance says the party’s Reconciliation committee, led by Bukola Saraki, former president of the Senate, alongside the PDP Governors’ Forum and Governor of Bauchi State Bala Muhammed, did a good job reconciling aggrieved members of the party.

In a statement on Thursday, Bashir Sulaiman, convener of the group, said everyone expected the crisis in the party to implode, but that has not been the case.

Sulaiman said the party is now ready to plan its forthcoming convention peacefully.

“I am very impressed by what Dr. Bukola Saraki, the Reconciliation and Strategy Committee, and PDP Governors Forum led by Governor Bala Mohammed of Bauchi State, have done to get the PDP back on track,” the convener said.

“They were tasked with resolving disputes and preparing the party for its convention, and they have delivered on their objective with precision and dedication.

“Many had predicted that the PDP would collapse under the weight of its internal disagreements. Yet, thanks to Dr. Saraki, his Reconciliation Committee, and the backing of the PDP Governors’ Forum, the party has defied those expectations. The 100th, 101st, and 102nd NEC meetings were conducted without rancour, and long-standing issues, including the tussle over the National Secretary position, have now been amicably resolved.”

“Now that the committees for the convention and the zoning framework are fully in motion, it is clear that when focused and capable leaders join forces around a shared purpose, difficulties are transformed into opportunities to move forward.

“The party is now better positioned to take power back from a government that does not care about the needs of the people.”

The country’s major opposition party has been enmeshed in crisis since the aftermath of the 2023 general election.

Recently, Sunday Udeh-Okoye, Setonji Koshoedo, and Sam Anyanwu all laid claims to the party’s national secretary position until the party settled with Anyanwu.

Saraki’s committee was set up to calm frayed nerves.