SERAP DEMANDS CBN GOV ACCOUNT FOR MISSING 100 BILLION NAIRA DIRTY NOTES, OTHERS

The Socio-Economic Rights And Accountability Project (Serap) Has Urged The Governor Of The Central Bank Of Nigeria (Cbn), Olayemi Cardoso To Account For And Explain The Whereabouts Of The Over 100 Billion Naira Dirty And Bad Notes And Other Large Sum Of Cash Awaiting Examination Which Are Kept In Various Branches Of The CBN.

Serap Deputy Director, Kolawole Oluwadare Told Journalists That The Allegations Are Documented In The Latest Annual Report Recently Published By The Auditor-General Of The Federation.

The Organisation Said These Allegations By The Auditor-General Suggest Grave Violations Of Public Trust, The Provisions Of The Nigerian Constitution, The CBN Act And National And International Anti-Corruption Obligations.

SERAP Also Asked Cardoso To Explain The Whereabouts Of The 7.2 Billion Naira Budgeted For The Construction Of The CBN Dutse Branch In 2010 And The 4.8 Billion Naira Budgeted For The Renovation Of The CBN Abeokuta Branch In 2009 And To Publish The Names Of The Contractors Who Collected The Money But Failed To Complete The Projects.

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SERAP Further Urged The CBN Boss To Explain The Whereabouts Of The Allegedly Missing Outstanding Loan Of 1.2 Billion Naira Granted To The Enugu State Government In 2015 And The Outstanding Loan Of 1.9 Billion Naira Granted To The Anambra State Government Between 2015 And 2016 And To Fully Recover And Remit The Public Funds To The Treasury.

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