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CBN gets 7 days to account for missing N100bn dirty notes and other public funds

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Socio-Economic Rights and Accountability Project (SERAP) has urged Mr. Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), “to account for and explain the whereabouts of the over N100 billion ‘dirty and bad notes’ and ‘other large sum of cash awaiting examination’ which are kept in various branches of the CBN.”

The organisation said the allegations are documented in the latest annual report recently published by the Auditor-General of the Federation.

SERAP also urged him 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 in 2009, and to publish the names of the contrac­tors who collected the money but failed to complete the projects.

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