SERAP asks CBN to account for allegedly diverted $6.23m, ₦1.63trn
SERAP also urged him and the CBN “to account for the ₦262.86 billion disbursed under the Anchor Borrowers’ Programme, including the names and number of beneficiaries and participating ‘Anchors.’ The post SERAP asks CBN to account for allegedly diverted $6.23m, ₦1.63trn appeared first on Premium Times Nigeria .
The Socio-Economic Rights and Accountability Project (SERAP) has demanded that the Central Bank of Nigeria (CBN) account for $6.23 million in election funds and over N1.63 trillion missing public funds within seven days. This demand was made in a letter signed by SERAP's Deputy Director, Kolawole Oluwadare, dated September 26, 2026.
The missing funds were revealed in the Auditor-General's 2023 report published on August 7, 2026. SERAP identified the funds as N1.25 trillion unrecovered intervention loans to state governments, N116.18 billion loans to distressed banks, N262.86 billion shared under the Anchor Borrowers Programme, and $6.23 million linked to an alleged election funding request by former President Muhammadu Buhari.
SERAP has requested CBN to explain the disappearance of the funds, publish the names of those who collected them, and provide details on their plans to recover the money. The group also asked for a full breakdown of the N262.86 billion shared under the Anchor Borrowers Programme, including beneficiary names, amounts, usage, and recovery plans.
SERAP emphasized the importance of accountability in Nigeria's constitutional democracy and the need for urgent, independent, and transparent action to address these issues.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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