Tinubu Orders EFCC to Monitor State Fund Allocations

President Bola Tinubu has approved the Economic and Financial Crimes Commission's involvement in tracking Federation Account allocations to Nigeria's 36 states and 774 local government areas. This initiative aims to strengthen oversight of public spending and ensure funds are utilized appropriately.

The EFCC will monitor allocations distributed through the Federation Account Allocation Committee, verify projects financed with public funds, and investigate suspected financial irregularities. This decision comes amid increased scrutiny of how state and local governments manage their monthly allocations, particularly following recent policy changes affecting government revenues.

The EFCC will collaborate with relevant federal institutions to track public funds, examine financial records, and identify irregularities in the use of allocations. The monitoring will include verifying projects funded with public money, examining questionable contracts, and investigating suspected ghost workers.

Complaints from citizens regarding the misuse of public funds will also be addressed under this framework, with potential prosecution for offenders based on established evidence.