SERAP sues CBN over failure to account for $6.23m in ‘missing’ election funds, ₦1.63trn in other public funds

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SERAP has sued Nigeria’s Central Bank over allegations that it failed to account for $6.23 million in election funds and more than ₦1.63 trillion in other public funds. The lawsuit follows concerns documented in an Auditor-General report.

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over its “failure to account for US$6.23 million in allegedly diverted or unaccounted-for election funds and over ₦1.63 trillion in other public funds.” The lawsuit followed grim allegations documented in Volume II of the Auditor-General of the […] The post SERAP sues CBN over failure to account for $6.23m in ‘missing’ election funds, ₦1.63trn in other public funds appeared first on Vanguard News.