latest
SERAP Demands CBN Explain Missing ₦100 Billion In ‘Dirty Notes’
SERAP Demands CBN Explain Missing ₦100 Billion In ‘Dirty Notes’The Socio-Economic Rights and Accountability Project (SERAP) has challenged the Central Bank of Nigeria (CBN) to account for over ₦100 billion in ‘dirty and bad notes’ and other large sums of cash awaiting examination stored in various branches of the apex bank. The group issued this demand in a statement on Sunday.....KINDLY READ THE FULL STORY HERE▶
SERAP criticized the CBN for failing to disclose the location of these funds. Kolawole Oluwadare, the group’s deputy director, revealed that SERAP has approached the Federal High Court in Lagos, seeking an order to compel the CBN to explain the whereabouts of the ₦100 billion in dirty and bad notes that have been kept in various CBN branches since 2017.
SERAP also requests that the court direct the CBN to account for ₦7.2 billion meant for constructing the CBN Dutse branch building in 2010 and ₦4.8 billion intended for renovating the CBN Abeokuta branch in 2009. Additionally, SERAP wants the CBN to publish the names of the contractors who received these funds.
The group further demands explanations for the allegedly missing loans, including ₦1.2 billion granted to the Enugu State government in 2015 and ₦1.9 billion granted to the Anambra State government between 2015 and 2016.
SERAP argues that revealing the whereabouts of the missing public funds, publishing the names of those suspected to be responsible, ensuring they are brought to justice, and recovering any missing public funds would serve the public interest and end the impunity of the perpetrators.
The lawsuit, filed on behalf of SERAP by lawyers Kolawole Oluwadare and Adelanke Aremo, states: “Nigerians have the right to know the whereabouts of the public funds. Granting the reliefs sought would advance the right of Nigerians to restitution, compensation, and guarantee of non-repetition.”
The lawsuit also references Paragraph 708 of the Financial Regulations 2009, which stipulates that payment should not be made for services not yet performed or goods not yet supplied, and Section 35(2) of the Public Procurement Act 2007, which requires an interim performance certificate before any further payments are made to suppliers or contractors who have received a mobilization fee
latest
SUBSIDY CLASH: Oshiomhole Reveals Why He Led Furious Ogun Protest Against Obasanjo’s Government!.
-
Reason for the Protest: Senator Adams Oshiomhole explained that he organized residents of Ogun State to protest against former President Olusegun Obasanjo’s fuel subsidy removal because he doubted the administration’s ability to distribute the benefits fairly to ordinary citizens.....KINDLY READ THE FULL STORY HERE▶
-
-
Event Context: The revelation was made at the University of Lagos (UNILAG) during the seventh national discourse hosted by ‘The Companion’, an association of Muslim men in business and the professions.
-
Mobilizing Support: Recounting his time as NLC President, Oshiomhole noted that he rallied locals in Abeokuta—including key figures like Senator Afolabi Salisu—alongside UNILAG students and workers to oppose the policy.
-
Systemic Doubts: He emphasized that while the government had the power to remove the subsidy, it lacked the proper systems needed to ensure the savings reached the poor.
-
latest
POLITICAL EARTHQUAKE: Inuwa Yahaya Isn’t Powerful Enough To Retire Me! — Senator Goje Fires Back At Critics.
-
Voluntary Step-Aside: Former Gombe State Governor and Senator Mohammed Danjuma Goje dismissed claims that Governor Inuwa Yahaya forced him out of politics, clarifying that he voluntarily chose to step aside from the 2027 elections following the APC senatorial primary outcome.....KINDLY READ THE FULL STORY HERE▶
-
-
Faith and Acceptance: In a BBC Hausa interview, Goje accepted the loss as the will of Allah, noting that he holds no grudges, feels no betrayal, and remains committed to supporting the APC.
-
Paving the Way for Youth: Goje explained that he feels it is time to let younger politicians take over, adding that he had previously planned to retire in 2019 before constituents persuaded him to run again.
-
Open Options: While affirming that he could easily return to the Senate via another party if he chose to, the veteran politician emphasized his deep gratitude for his long career and expressed peace with his current decision.
-
entertainment
COMMUNITY LEADER DROPS BOM.BSHELL: Fresh Details Emerge On Poco Lee’s High-Stakes UK Court Appearance!
-
Management Clarification: The management and legal team of Nigerian dancer Poco Lee have clarified that reports linking his UK arrest to drink spiking are false and do not form part of the official court charges.....KINDLY READ THE FULL STORY HERE▶
-
-
Warning Against Unverified News: Urging the media and public to exercise restraint, the team emphasized that circulating unverified claims only creates confusion and misrepresents the legal proceedings.
-
Presumption of Innocence: Highlighting that allegations do not equal guilt, the legal representatives stressed that the matter should be resolved through due process in court rather than via social media trial.
-
Call for Fairness: The statement concluded with a plea to respect the artist’s right to a fair hearing and proper legal determination, just as anyone else facing similar circumstances would expect.
-
-
latest12 months ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest2 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment2 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest2 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics3 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest2 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
Politics3 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
-
latest2 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp