Group Gives CBN Governor 7-Day Ultimatum Over Missing N3 Trillion in Public Funds

A civil society group, Socio-Economic Rights and Accountability Project (SERAP), has given the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, a 7-day ultimatum to provide a full explanation regarding the missing/diverted N3 trillion in public funds as revealed in the 2022 annual audit report. The group alleges serious financial discrepancies, including non-remittance of funds, unidentified beneficiaries, and questionable expenditures.

Failure to comply may lead to legal action. The group emphasizes the need for transparency and accountability in handling public funds.