Youth group queries Akure North chairman’s spending of ₦2.95bn FAAC allocation
The Ondo State Youth Network has raised questions over the handling of federal allocations by the Chairman of Akure North Local Government Area, Hon. Johnson Ogunbolude.
The group alleged that despite the council receiving about ₦421m monthly since February 2025, totalling nearly ₦2.95bn in seven months, residents of the local government have yet to feel the impact of such funds.
In a statement signed by its coordinator in Akure North, Engr. Temi Alex Oluwalade, OSYN accused the chairman of only initiating a shopping complex at Sango, which remains unfinished, and an immunisation campaign.
“Since his swearing in, what has Hon. Ogunbolude done? A shopping complex at Sango is still under construction and an immunisation campaign. That is all. Meanwhile, huge sums have been coming in monthly as FAAC allocations. The people deserve accountability,” Oluwalade said.
“If other LGs can point to tangible projects, what exactly is Akure North pointing to? The truth is that people here are still living without basic services,” a youth leader in Oba Ile remarked.
Oluwalade threatened to escalate the matter to anti-graft agencies if the council chairman fails to render a detailed account of how the funds were utilised.
“Hon. Johnson Ogunbolude must provide a transparent financial statement detailing every kobo of the ₦2.95 billion in FAAC funds received since February. If he cannot do so within the next four weeks, I will assemble a legal team and petition the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices Commission (ICPC) to investigate potential misappropriation,” he declared.
He added that President Bola Tinubu’s renewed drive for local government autonomy would be undermined if council chairmen fail to uphold transparency.
