Tinubu Sacks Finance Minister After N1.15tr Scandal

President Bola Tinubu dismissed Finance Minister Wale Edun weeks after Hon. Alex Mascot Ikwechegh exposed the disappearance of N1.15 trillion in capital funds during a budget defense session on February 25, 2026.

Mascot's questioning revealed that despite significant loans secured, no funds had been disbursed for capital projects across Nigeria. Edun attempted to deflect responsibility to Minister of State Dori Uzoka Anit, who was also later removed from her position.

The reshuffle, announced via a memo dated April 20, 2026, aimed to strengthen government cohesion, with Taiwo OYedel appointed as the new Minister of State. The incident raised questions about financial mismanagement within the administration, as no investigations or charges have been initiated regarding the missing funds.

The political implications of this event were underscored by Mascot's bold questioning, which led to significant changes in the cabinet, reflecting a growing demand for accountability in Nigerian governance.