Accountant-General's FAAC tables send N1.75tn to two security funds in four months, more than the N1.65tn shared by all 36 states

In four monthly sharing rounds between May and August 2026, N1.75 trillion was set aside from the Federation Account for two security funds before the three tiers of government shared what was left. The May table carries N250 billion for a "Military Intervention Fund". The June, July and August tables each carry N500 billion for a "National Security Emergency Fund". Over the same four rounds, the 36 states together received N1,650,631,086,283.49 in statutory allocations, N99.37 billion less than the two funds. The tables do not say which account the money went to, who controls it, or what instrument created either fund. Neither name appears in the 2026 Appropriation Act.

The figures come from Table I of the monthly FAAC disbursement reports published by the Office of the Accountant-General of the Federation. The reports for July and August 2026 were posted to the Office's website on 20 October 2026; the May and June reports were posted earlier. Page 1 of each report carries a signature line for Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy. Vero Record downloaded the reports for December 2025 to August 2026 and read the first table of each.

The first entry is in the table for April 2026 revenue, shared in May 2026. Row 10, between the North East Development Commission and the transfer to the Nigeria Sovereign Investment Authority, reads "Military Intervention Fund", N250,000,000,000.00, in the statutory column. The same table gives the states N294,661,599,530.57 and the local government councils N227,171,742,153.06 in statutory allocations.

In the table for May 2026 revenue, shared in June 2026, the Military Intervention Fund has gone and row 10 reads "National Security Emergengy Fund", spelt that way, at N500,000,000,000.00. That month the states' combined statutory allocation was N380,309,384,896.66. The fund received N119.69 billion more than all 36 states put together.

The line returns, correctly spelt, at the same N500,000,000,000.00 in the next two tables. For June 2026 revenue, shared in July, it is row 18 and the states received N430,809,642,294.63, N69.19 billion less than the fund. For July 2026 revenue, shared in August, it is row 17 and the states received N544,850,459,561.63, N44.85 billion more than the fund. The tables for December 2025 to April 2026 carry neither line.

Added together, the two funds took N1.75 trillion: N250 billion plus three payments of N500 billion. That is 13.90 per cent of the N12.59 trillion in the statutory columns of the four tables. The Federation Account's own formula, which the same tables apply exactly (52.68 per cent to the Federal Government, 26.72 per cent to the states and 20.60 per cent to the councils), gives a sense of scale. Had the N1.75 trillion been shared on that formula, before any derivation, the states would have received N467.6 billion of it and the councils N360.5 billion. That is an illustration of size, not a claim about what the states were owed: the tables do not say which revenue the deductions were drawn from.

Vero Record searched the 2,604 pages of the 2026 Appropriation Act, as signed, for both names and for the words "security emergency". Neither fund appears. That absence has a limit. The Act authorises the Federal Government's own spending, and deductions taken from the Federation Account before it is shared are not normally voted line by line in it, so the Act's silence does not show that no authority exists. It shows that the authority, if there is one, is in a document the government has not published alongside the tables.

The President's broadcast of 26 November 2025, in which he declared "a nationwide security emergency", does not mention a fund. As published by the State House, it orders the police to recruit 20,000 more officers, lets the police use NYSC camps as training depots and directs the DSS to deploy trained forest guards. It says the administration "will provide the support you need to succeed" and will support states that have set up security outfits. The first fund line appears in the sharing tables five months later.

The record supports the government on several points. The deductions are not hidden: the Accountant-General prints them in the same tables that show every other deduction, which is how Vero Record found them. The tables also show money moving to the states for security, N108,000,000,000.00 in July and again in August as "Intervention for State Security". A security emergency was declared, and paying for it from shared revenue is a policy choice the documents neither endorse nor rule out. Nothing in these records suggests that any of the money was misused.

What the documents do not establish is who holds the two funds, what law, resolution or FAAC decision created them, whether state finance commissioners agreed to the deductions at FAAC, whether the Military Intervention Fund and the National Security Emergency Fund are the same account under two names, or how any of the N1.75 trillion has been spent. The September 2026 table was not on the Office's website when Vero Record checked on 24 October, so it is not known whether the N500 billion deduction continued.

We invite a response from the Federal Ministry of Finance and its minister, Taiwo Oyedele, whose name appears on the sharing tables, and from the Office of the Accountant-General of the Federation, which prepares them, on which instrument created the two funds, which account receives the money and who decides how it is spent. Any reply will be added to this report.

What this rests on

OAGF FAAC Disbursement reports, Table I, page 1 (statutory column). May 2026 (April 2026 revenue): row 10 'Military Intervention Fund' 250,000,000,000.00; FGN 580,942,105,661.32; State 294,661,599,530.57; LGCs 227,171,742,153.06; total statutory 2,128,095,393,631.97. June 2026 (May 2026 revenue): row 10 'National Security Emergengy Fund' 500,000,000,000.00; FGN 749,801,586,689.97; State 380,309,384,896.66; LGCs 293,202,594,643.38; total 2,651,718,906,323.51 (re-added from the 13 statutory lines plus the IDF line: 2,651,718,906,323.52, one kobo rounding). July 2026 (June 2026 revenue): row 18 'National Security Emergency Fund' 500,000,000,000.00; FGN 849,365,716,919.20; State 430,809,642,294.63; LGCs 332,136,176,319.96; total 3,450,950,588,357.11 (re-added exactly; the 4,916,825,321.00 NCS refund sits in the VAT column); 'Intervention for State Security' 108,000,000,000.00. August 2026 (July 2026 revenue): row 17 'National Security Emergency Fund' 500,000,000,000.00; FGN 1,074,203,675,512.97; State 544,850,459,561.63; LGCs 420,056,866,278.80; total 4,359,038,182,739.25 (re-added exactly); 'Intervention for State Security' 108,000,000,000.00. Tables for December 2025, January, February, March and April 2026: no Military or Security fund line. Funds: 250 + 500 + 500 + 500 = 1,750bn. States: 294,661,599,530.57 + 380,309,384,896.66 + 430,809,642,294.63 + 544,850,459,561.63 = 1,650,631,086,283.49; 1,750,000,000,000.00 - 1,650,631,086,283.49 = 99,368,913,716.51 (N99.37bn). Monthly: June 500 - 380.309 = 119.69bn; July 500 - 430.810 = 69.19bn; August 544.850 - 500 = 44.85bn (states higher); May 294.66 - 250 = 44.66bn (states higher). Statutory totals: 2,128,095,393,631.97 + 2,651,718,906,323.51 + 3,450,950,588,357.11 + 4,359,038,182,739.25 = 12,589,803,071,051.84; 1,750 / 12,589.80 = 13.90%. May vertical split check: 580.942 / 294.662 / 227.172 of 1,102.776bn = 52.68 / 26.72 / 20.60%. Illustration: 1,750 x 0.2672 = 467.6bn (states); x 0.2060 = 360.5bn (LGCs); x 0.5268 = 921.9bn (FGN); 467.6 + 360.5 + 921.9 = 1,750.0. 2026 Appropriation Act (2,604 pages): text search for 'Military Intervention', 'Security Emergency', 'National Security Fund': 0 hits. State House broadcast 26 November 2025: 'declare a nationwide security emergency'; police to recruit 20,000 more officers; no fund named. 26 November 2025 to the May 2026 sharing round: about five months.

What this does not establish

The tables do not say which account receives the Military Intervention Fund or the National Security Emergency Fund, who controls them, what law, resolution or FAAC decision created them, which revenue lines the deductions were drawn from, or whether the two names describe one account. Vero Record has not seen FAAC minutes and does not know whether state commissioners agreed to the deductions. How any of the N1.75 trillion was spent is not established. The 2026 Appropriation Act's silence does not show an absence of legal authority, because Federation Account deductions are not normally voted in it. The formula split of N1.75 trillion is an illustration, not a statement of what any tier was owed. The September 2026 table had not been published by 24 October. Nothing in the records indicates misuse of funds or that any rule was broken. The ministry and the Accountant-General were not contacted before publication.