SERAP Gives CBN 7 Days to Account for Missing N3 Trillion in Public Funds

The Socio-Economic Rights and Accountability Project (SERAP) has given the Central Bank of Nigeria (CBN) seven days to account for the missing N3 trillion of public funds as revealed in the 2022 annual report of the Auditor General of the Federation. SERAP alleges serious violations of public trust and calls for the identification of responsible parties involved in the diversion of funds.

The organization demands full recovery and return of the missing funds to the treasury without delay, emphasizing the need for transparency and accountability. The letter signed by SERAP's deputy director, Kolawole Oluwadare, highlights the alleged failures of the CBN to comply with anti-corruption standards and uphold transparency in its operations.