By Stanley Onyeka, Lagos
Socio-Economic Rights and Accountability Project (SERAP), has given the Governor, Central Bank of Nigeria (CBN), Olayemi Cardoso, seven days to account for the over N100 billion “dirty and bad notes” and “other large sums of cash awaiting examination” kept in various branches of the apex bank and other funds.
The ultimatum follows allegations documented in the latest annual report published recently by the Auditor-General of the Federation (AuGF).
SERAP, in a letter released on Saturday, also urged Mr. Cardoso to explain the whereabouts of the N7.2 billion budgeted for the construction of the CBN Dutse branch in 2010 and the N4.8 billion budgeted for the renovation of the CBN Abeokuta branch back in 2009.
The letter, signed by SERAP’s Deputy Director, Kolawole Oluwadare, also demanded that the CBN publish the names of the contractors who collected the monies and failed to complete the projects.
The letter reads in part: “These grim allegations by the Auditor-General suggest grave violations of the public trust, the provisions of the Nigerian Constitution, the CBN Act, and national and international anti-corruption obligations.
“We would be grateful if the recommended measures are taken within 7 days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall take all appropriate legal actions to compel you and the CBN to comply with our request in the public interest….
“According to the recently published 2020 audited report by the Auditor General of the Federation (AGF), the Central Bank of Nigeria (CBN) has since 2017 been keeping over N100 billion [N100,672,999,000.00] ‘dirty and bad notes’, and other large sum of cash awaiting examination in various branches of the CBN.”
These grim allegations by the Auditor-General suggest grave violations of the public trust, the provisions of the Nigerian Constitution, the CBN Act, and national and international anti-corruption obligations.