SERAP demands CBN explanation for $6.23m election funding
SERAP has given the CBN seven days to account for $6.23m allegedly spent on election funding and other public funds cited in an Auditor-General’s report. Read More: https://punchng.com/serap-demands-cbn-explanation-for-6-23m-election-funding/
The Socio-Economic Rights and Accountability Project (SERAP) has demanded that the Governor of the Central Bank of Nigeria, Olayemi Cardoso, and the CBN provide an explanation for $6.23 million allegedly spent on election funding and over N1.63 trillion in other public funds. This demand was made in a letter dated September 26, 2026, and threatens legal action if the CBN fails to comply within seven days.
The issues are contained in Volume II of the Auditor-General of the Federation's 2023 Annual Report, published on August 7, 2026.
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