By Kingston Magare 22.7.2026
Following conflicting statements by government officials on the two Central Bank of Nigeria account operated by the Presidential Foreign Investment Promotion Council, President Bola Tinubu has been urged to apologise to Nigerians and resign.
Former Vice President and African Democratic Congress president candidate in the 2027 election, Atiku Abubakar made the charge on Wednesday on the heel of the House of Representatives findings the PFIPC opened its CBN accounts on a directive from the Accountant General of Federation.
This was contrary to the claim by the CBN it never authorised the opening of the accounts of the agency the government had told the public does not exists.
“This is where the cover-up appears to begin. One institution denied authorising the opening of the PFIPC accounts and alleged forgery. Another, before the representatives of the Nigerian people, stated that the accounts were opened on the directive of the Accountant-General after due process was followed. Both accounts cannot be true,” Atiku said in a statement made availabe to the media by his special assistant on public communication, Phrank Shaibu.
“When two of your most sensitive financial and monetary authorities publicly contradict each other on the same transaction, no serious leader needs a clairvoyant to know that his administration is trapped in a web of deception and a profound crisis of credibility.
“The President cannot continue to watch from the sidelines while his government tears itself apart with conflicting narratives
“President Tinubu must answer a simple question: Which version does he believe—the Accountant-General’s or the Central Bank’s? If he believes neither, why has he not acted?”
Atiku urged National Assembly to invite the Accountant-General of the Federation and the CBN governor to appear jointly before its investigative committee to explain the conflicting accounts.
“The PFIPC scandal has ceased to be merely about disputed accounts. It has become a referendum on President Tinubu’s integrity and competence
“President Tinubu owes Nigerians an unreserved apology for presiding over this unprecedented collapse of public accountability. If he cannot immediately restore public confidence through a genuinely independent investigation and ensure that everyone responsible is held to account, then he has forfeited the moral authority to continue in office. The honorable course is simple: apologise to Nigerians and resign,” he said.