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Nigeria's Budget Scandal: A Fake Government Agency Was Handed Millions in Public Funds
World news | The Guardian·Friday, 10 July 2026
A fictitious federal agency in Nigeria was allocated 1.3 billion naira — roughly £700,000 — in the country's 2026 national budget. The discovery has triggered a political storm ahead of a general election set for January. President Bola Tinubu has ordered an investigation into how a non-existent body received official government funding.
Why It Matters
Nigeria is Africa's largest democracy and a major emerging economy. Governance scandals of this scale are a reminder of how corruption can hollow out public institutions — a concern familiar to Indian readers too.
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