Election Funding: SERAP Gives CBN 7 Days to Account for Alleged $6.23m, N1.63tn
Demands forensic probe, threatens legal action Wale Igbintade The Socio-Economic Rights and Accountability Project (SERAP) has given the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, and
The Socio-Economic Rights and Accountability Project (SERAP) has demanded that the Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, and the apex bank provide a forensic probe and explanation for $6.23 million allegedly spent on election funding and N1.63 trillion in other public funds. SERAP threatened legal action if Cardoso and the CBN failed to disclose the whereabouts, utilization, and recovery of the funds in a letter dated September 26, 2026.
The allegations are based on Volume II of the Auditor-General’s 2023 Annual Report, which covers transactions from January to December 2023.
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