Probe Me Over $16bn Power Spending If You Have Evidence – Atiku Dares FG
Former Vice President Atiku Abubakar has thrown down the gauntlet to President Bola Tinubu’s administration, demanding that it substantiate allegations linking him to alleged wrongdoing in the controversial $16 billion power sector expenditure or cease what he describes as a campaign of political distraction. In a statement released on Wednesday, August 26, 2026, by his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku insisted that he should be investigated and prosecuted if the government possesses credible evidence against him, stressing that political accusations cannot replace proof. The former Vice President accused the Tinubu administration and its supporters of reviving decades-old allegations to divert public attention from pressing questions surrounding the management of government revenues following the removal of petrol subsidy.
Atiku noted that the National Assembly had previously investigated the power projects, but he was never invited to respond to any allegations of misconduct. “The National Assembly investigated the power projects. I was never invited to answer any allegation of wrongdoing,” he stated. He acknowledged that he chaired the National Council on Privatisation while serving as Vice President but clarified that he did not oversee the implementation of the power project. “Yes, I chaired the National Council on Privatisation as Vice President. But on the power project, I disagreed with its concept and did not preside over its implementation. The responsible minister did. The same applies to the Aluminium Smelter matter,” Atiku explained.
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The African Democratic Congress (ADC) presidential candidate for the 2027 election declared that he had repeatedly made himself available for investigation since leaving office in 2007. “I have repeatedly asked to be investigated. I left office in 2007 and have spent much of the period since then opposing governments in power. If there is evidence that I stole public money, why has no government produced it before a court?” he queried. Atiku challenged the authorities to reopen the matter if they believed there was a genuine case against him. “It is still not too late. Investigate me. Invite me. Produce the evidence. Prosecute me if you have a case. But propaganda cannot substitute for evidence,” he said.
The former Vice President linked the renewed allegations to his persistent criticism of the Federal Government’s handling of the economic consequences of petrol subsidy removal. He argued that Nigerians had been promised that eliminating the subsidy would free funds for development, but citizens had instead faced higher costs of transportation, food, and other essentials. “Today, petrol is more expensive, transportation is more expensive, food is more expensive and the purchasing power of the Nigerian worker has been devastated,” he said. Atiku further questioned how additional government revenues were being deployed, alleging that tax incentives, waivers, credits, and concessions continued to benefit powerful economic interests. “So our question remains brutally simple: where is the people’s money?” he asked. He accused the government of hypocrisy for withdrawing economic relief from ordinary Nigerians while maintaining interventions that benefited major corporate interests. “You cannot take relief away from the poor, celebrate the resulting revenue and then tell the same impoverished citizens that government intervention on their behalf is economically irresponsible while interventions benefiting powerful interests are called incentives. That hypocrisy is precisely what we are challenging,” Atiku stated.
Atiku dismissed what he described as sponsored social media attacks, insisting they would not prevent him from demanding transparency over public finances. “The people who removed subsidy from the poor cannot frighten us into silence by resurrecting allegations that governments with all the investigative machinery of the Nigerian state have had nearly two decades to establish,” he declared. He challenged the government to either substantiate the allegations or address questions over the use of funds generated after subsidy removal. “If you have evidence against Atiku, bring it. If you have a case, prosecute it. But if you have neither, stop manufacturing distractions and answer Nigerians: You removed the subsidy. You collected the savings. Where is the money?” he demanded.