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SERAP sues Nigeria’s Central Bank over alleged mismanagement of $3.5 billion in public funds, demanding accountability for unexplained expenditures.
SERAP has sued Nigeria’s Central Bank over the alleged mismanagement of ₦3 trillion in public funds, citing the Auditor-General’s 2025 report.
The lawsuit, filed in Abuja’s Federal High Court, demands accountability for ₦629 billion paid to unknown beneficiaries under the Anchor Borrowers’ Programme, over ₦1.4 trillion in unremitted government surplus, and questionable spending including ₦125 billion on unapproved interventions and ₦1.79 billion for vehicles without procurement records.
The case seeks a mandamus order to compel the CBN to explain fund usage, arguing violations of constitutional and legal obligations on transparency and accountability.
SERAP demanda al Banco Central de Nigeria por la presunta mala administración de $3.5 mil millones en fondos públicos, exigiendo responsabilidad por gastos inexplicables.