Socio-Economic Rights and Accountability Project has urged Mr. Olayemi Cardoso, governor of the Central Bank of Nigeria , “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.”
SERAP also urged him “to refer these grave violations of the Nigerian Constitution 1999 , the CBN Act and the country’s national and international anticorruption obligations to appropriate anticorruption agencies for investigation and prosecution, as appropriate, and the recovery of the public funds.”
The letter, read in part: “We would be grateful if the recommended measures are taken within 7 days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall take all appropriate legal actions to compel you and the CBN to comply with our request in the public interest.”
“The Auditor-General is concerned that the project may have been ‘awarded to incompetent contractor,’ and wants the ‘job completed without further delay.’” “The Auditor-General fears the public funds may have been diverted. He wants the money fully recovered and remitted to the treasury.”
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