SERAP Sues CBN Over ₦3trn Public Funds
Naija News • 6h ago
The Socio-Economic Rights and Accountability Project has filed a lawsuit against the Central Bank of Nigeria over its alleged failure to account for ₦3 trillion in public funds, including more than ₦629 billion paid to “unknown beneficiaries” under the Anchor Borrowers’ Programme.
In a statement on Sunday, SERAP Deputy Director, Kolawole Oluwadare, said the suit followed allegations detailed in the latest annual report by the Auditor-General of the Federation, published on September 9, 2025.
Filed last week at the Federal High Court in Abuja, SERAP is seeking “an order of mandamus to direct and compel the CBN to account for and explain the whereabouts of the missing or diverted N3 trillion, including detailed reports of how the funds were spent.”
The suit with number FHC/ABJ/CS/250/2026...