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flag SERAP sues Nigeria’s Central Bank over alleged mismanagement of $3.5 billion in public funds, demanding accountability for unexplained expenditures.

flag SERAP has sued Nigeria’s Central Bank over the alleged mismanagement of ₦3 trillion in public funds, citing the Auditor-General’s 2025 report. flag 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. flag 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.

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