ADC Criticizes Tinubu's Unconstitutional NNPC Debt Cancellation
The African Democrat Congress (ADC) criticizes President Bola Ahmed Tinubu's approval of canceling NNPC's legacy debt as unconstitutional, reducing funds for state and local governments. The move violates the constitution's revenue-sharing provisions, removing a significant amount from the federal account without proper authorization.
The ADC highlights concerns over the unilateral decision to write off NNPC debts without legislative approval, emphasizing the impact on public funds meant for distribution among tiers of government.
Plus234Feed summary based on reporting from News Online Nigeria. Read the original report below.
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