Understanding security vote; ‘unaccounted’ funds allocated to State Governors in Nigeria
Security vote in Nigeria was introduced during the military regime of former Head of State, Ibrahim Babangida.
Transacted mostly in cash, it is not subject to legislative oversight or independent audit because of its ostensibly sensitive nature.
The funds are a monthly allowance allocated to the 36 states, aimed at “funding security services within such states”.
The monthly fund runs into billions of naira and varies based on the level of security required by the individual state.
According to a 2018 report by Transparency International, (TI), titled Camouflaged Cash, 29 states in Nigeria spent an average of $580 million (N208.8 billion) yearly on security votes.