APM Seeks EFCC Inquiry into Alleged N12 Trillion Discrepancy

The Allied Peoples’ Movement (APM) has formally petitioned the Economic and Financial Crimes Commission (EFCC) and the National Assembly regarding an alleged N12 trillion discrepancy in savings from the removal of the petroleum subsidy by the Federal Government in 2023. The party's statement, issued by National Publicity Secretary Mr. Abubakar Yusuf, highlights conflicting figures from the current Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, and his predecessor, Mr. Wale Edun.

Oyedele reportedly stated that savings amounted to N15.8 trillion, while Edun had previously announced savings of about $20 billion, estimated at N27 trillion as of November 2024. The APM claims that the missing funds could finance significant infrastructure projects, such as a new refinery and a 1,000-kilometre railway line.

The party accused corrupt officials linked to the All Progressives Congress (APC) of mismanaging these resources, which has led to hardship for many Nigerians. The APM has called for an investigation and accountability for the alleged missing funds.