₦airaland Forum

How Tinubu Sacked Finance Minister Weeks After Hon. Alex Mascot Ikwechegh Exposed 'Missing' N1.15tr

President Bola Tinubu has removed the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, in a dramatic cabinet reshuffle that has sent shockwaves through the Federal Executive Council—and renewed attention on the lawmaker who first exposed the financial scandal now haunting the administration.

That lawmaker is Hon. Alex Mascot Ikwechegh, the fearless member representing Aba North/Aba South Federal Constituency, whose relentless questioning during a February budget defence hearing laid bare a staggering truth: ₦1.15 trillion in approved capital funds had vanished into thin air, with zero disbursement to any capital project across Nigeria.

It was Wednesday, February 25, 2026, when Hon. Mascot—a key member of the House Committee on Aids and Loans—took the floor at the Appropriation Committee's budget defence session. Armed with insider documents from his committee assignment, he painted a disturbing picture: billions of dollars in loans had been secured, record revenues had been generated by FIRS and Customs, yet not a single kobo had reached any capital project. Roads, hospitals, schools—all left to rot while funds sat untouched.

Then came the question that silenced the entire room: "Why the capital of the Nigerian government remains at zero in 2026?"

When a flustered Minister Edun tried to shift responsibility to his Minister of State, Doris Uzoka-Anite, Hon. Mascot refused to back down. The committee adjourned and summoned her. She appeared the next day, confirmed the funds were approved, but blamed "pre-disbursement conditions." Hon. Mascot was ready. He asked her a simple question: name one ministry that met all conditions and was still denied funding. She could not name a single one.

Exactly one week later, on March 3, Uzoka-Anite was removed as Minister of State for Finance—her third portfolio in two years.

Now, less than two months after that historic hearing, Wale Edun has also been sacked. The Secretary to the Government of the Federation announced his removal in a memo dated April 20, 2026, citing the need to "strengthen cohesion" in governance. Taiwo Oyedele, who was appointed Minister of State after Uzoka-Anite's fall, has now been elevated to substantive Minister of Finance.

The official statements have never mentioned Hon. Mascot's name. They never will. But Nigerians are not fools. The timeline speaks louder than any press release: a lawmaker asked tough questions about missing funds, and within weeks, two ministers who appeared before his committee have lost their portfolios.

This is not the first time Hon. Mascot has shaken the establishment. Just days after Uzoka-Anite's removal, he made a bold political move, resigning from APGA and joining the Labour Party, where he was warmly received by Governor Alex Otti, who has described his performance as "magical." His constituents in Aba North and Aba South—a commercial hub—now boast a representative whose influence reaches the highest levels of government.

But here is the question Nigerians must now ask: has he been settled?

Sacking both ministers from the finance ministry does not negate the fact that there has been financial malfeasance and misappropriation of funds. Two ministers have lost their jobs, but has a single kobo been recovered? Has any investigation been launched? Has anyone been charged with a crime?

The man from Aba who silenced the room with his questions has now gone mute. The money is still missing. And until Hon. Mascot speaks again, Nigerians are left to wonder: was he settled, or was he silenced?.

Source : https://igberetvnews.com/1494271/tinubu-sacks-finance-minister-wale-edun-weeks-hon-alex-mascot-exposed-missing-n1-15tr/status

How abt his personal inec chairman,when will he sack him?

Tinubu is supervising corruption and mindless looting, that's why he is appointing people with questionable characters.

There is no improvement in the way of governance and economy in Nigeria. We need people who love and fear God in the seat of government. Too much corruption and misappropriation can harm a country and cause a lot of problems

We know that.
Question one., what happens to the money?
Are they recovering it back?

2. did he actually think he could take all that and it will just go?? We know stealing of crazy happen, Nigeria is easily one of the highest in the world, but budgets? Fundamental Money? How will that possibly happen?

A whole 1.15 trillion naira missing.
What a big lie.
Don't allow hatred and bitterness turn you to low life thinker.

APC looting is worse than that of Pdp, 1.5 trillion, I can't imagine how much was looted during late Buhari's era. It's finish.

e sack wahala, e no sack wahala

Wale edun is just the fall guy

Tinubu looted the money.
The scale of looted and siphoned funds that would be uncovered after his tenure in 2027 could be so staggering that it will shake the very foundation of this country.

Nigerians will curse him for removing the subsidy, subjecting them to untold hardship, and asking them to endure it while their patrimony is looted.

Klington:
Tinubu is supervising corruption and mindless looting, that's why he is appointing people with questionable characters.

Use your brain. Don't suspend your thinking faculty
Do you know what 1.15 trillion naira is...

Tinubu too should be removed because he's a calamity

In other words,the over 1 trillion naira that was alleged to be missing was actually true!
Obviously,Wale Edun is now the fall guy!
See how Wale allowed Tinubu to stain his 'white'😀

Must be settled? If the federal government doesn't follow up and the House full of APC goons won't want to bring the matter up again, what will the Honorable do?

interesting take and quite inspiring.

This is a very big improvement and achievement for Nigeria having just finished a Buhari era where if Wale should have stolen the whole of the CBN building, he will remain in office as if asking us to do our worst.

I wish to also let Nigerians know that if not for the very abusive and uncouth elements we have as followers of the "progressive" leader, we would have had a president we could influence via Twitter. Lots of motions would have been moved, adopted online and executed to the benefit of all.

But you see, this will not play out well for the product they are selling, and they will do anything to make it impossible...

They are for the betterment of Nigeria only when 'the goodest man' in the country is the one doing it...

Lastmankc:
Tinubu too should be removed because he's a calamity

Remove by those who didn't vote for him ba?
You should be a comedian.

Tinubu would rule over you till May 2031...

Better leave politics and face something else.

Now when one akowoje is removed, another akowoje will take his place. If they can be hanging all these akowojes, nobody will dare such feats anymore. China I hail thee.

This is not about Mascot revelation jare. It seems the man has health challenge and would not be able to cope with the workload in that ministry. Tinubu has done the right thing by replacing him with a young, brilliant and energetic person to steer the economy of the country.

What money cannot do, more money can solve.

Corruption cancel corruption. This will continue.

What a terrible regime we are

Alliswell248:
Use your brain. Don't suspend your thinking faculty
Do you know what 1.15 trillion naira is...

You that know, tell us what is ₦1.15 trillion.

Tell us, we await your reply.

IgbereTB news

Which kind Onitsha-Aba made news be this?


Why do nairaland likes pushing speculatory news and conjectures to front page?

There are more factual news on the politics section that can be moved to the front page bro

@seun

No be to sack, wetin be the punishment?

What happened to the money? Why was the money not released to the different ministries?

Alliswell248:
A whole 1.15 trillion naira missing.
What a big lie.
Don't allow hatred and bitterness turn you to low life thinker.

It is established that it is not Doris Anite's fault, Ẹdun was the one to be sacked.
Will she now be brought back?

Alliswell248:
A whole 1.15 trillion naira missing.
What a big lie.
Don't allow hatred and bitterness turn you to low life thinker.

High life thinker go and show them the money isn't missing.

ejieddy:
Must be settled? If the federal government doesn't follow up and the House full of APC goons won't want to bring the matter up again, what will the Honorable do?

Follow up ke😆
Money way don enter voicemail

Wale Edun out, El-Rufai not on speaking, everyone that went to Chatham house London with him out.

Kosiso12:
Source : https://igberetvnews.com/1494271/tinubu-sacks-finance-minister-wale-edun-weeks-hon-alex-mascot-exposed-missing-n1-15tr/status

We will know if the story is true when Edun is prosecuted and convicted. Until then……..

Do you want Tinubu to punish himself? If not that Nigeria is a corruption ridden country, someone like Tinubu should not be allowed to come close to the presidency.

Adasun:
No be to sack, wetin be the punishment?

All these politicians and their disciples of thieves are all corrupt. They bring in and baptized their disciples of thieves immediately they rig their way in as leaders. They spread their disciples inform of ministers, HOS, AGFs , Commissioners , etc.......God is fed up with Nigeria..

sacajawea:
It is established that it is not Doris Anite's fault, Ẹdun was the one to be sacked.
Will she now be brought back?

What part of Nigeria is she from

Highways:
Where Are The Cows? Is Evans A Herdsman?'


When Funke Olakurin, daughter of Afenifere leader, Pa Reuben Fasoranti was murdered instead of Bola Tinubu to make sure that the perpetrators were brought to book, he ended up making fun of the death of the young lady by turning everything into tribalism by showing his hates for Igbos.


Tinubu has never spoken against the deadly activities of Fulani herdsmen across the country

The same stand Adeyinka Grandson gave on the death of Fasoranti's daughter is where Tinubu, the leader of the Yoruba Conservatives stands. Please see Tinubu's video below. pic.twitter.com/COhiSvabqW

— Adeyinka Grandson (@deyinkagrandson) July 14, 2019

Mrs Olakunrin died of gunshot wounds in July 2019 after her vehicle was attacked by armed men, suspected to be marauding Fulani bandits whose violent activities had reached a frightening level across the southwest states.


Those arrested suspects include Lawal Mazaje, 40, from Felele area of Kogi State; Adamu Adamu, 50, from Jada area of Adamawa State; Mohammed Usman, 26, from Illela area of Sokoto State and Auwal Abubakar, 25, from Shinkafi area of Zamfara State....

However, the leader of the team, identified only as Tambaya, and three others are yet to be found.

Tambaya has been declared wanted by the police and he is said to be capable of communicating in Hausa, Fulfude and Pidgin English.

https://www.premiumtimesng.com/news/top-news/388382-afenifere-police-speak-on-arrest-of-alleged-killers-of-fasorantis-daughter.html