SERAP Calls for Transparency
The Socio-Economic Rights and Accountability Project (SERAP) demands the CBN Governor Olayemi Cardoso to explain the whereabouts of a missing N100bn in “dirty and bad notes” and other unexamined cash, as highlighted in the latest Auditor-General’s report.
Questions on Mismanagement
Additionally, SERAP demands explanations for the N7.2 billion budgeted for the CBN Dutse branch construction in 2010 and N4.8 billion for the CBN Abeokuta branch renovation in 2009. They are questioning the incomplete projects and seeking answers.
Concerns Over Outstanding Loans
Additionally, SERAP urges Governor Cardoso to address the missing loans of N1.2 billion to Enugu State and N1.9 billion to Anambra State, insisting on the recovery of these funds.
Seven-Day Ultimatum
Furthermore, SERAP demands that the CBN be transparent and accountable in its operations. They advocate for the public’s right to know how funds are managed and insist on justice for any mismanagement.
Audit Findings Raise Concerns
The 2020 Auditor-General’s report reveals concerns about N100 billion in notes initially planned for destruction but possibly re-injected into the economy. Incomplete projects and missing funds point to broader issues in CBN’s accountability.
Commitment to Transparency
Furthermore, SERAP urges the CBN to be transparent and accountable in its operations, advocating for the public’s right to know how funds are managed and demanding justice for mismanagement.
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