For failing to account for N100 billion dirty naira notes, the Central Bank of Nigeria (CBN) has been taken to court by the Socio-Economic Rights and Accountability Project (SERAP).
SERAP said in a statement on Sunday by its Deputy Director, Mr. Kolawole Oluwadare, a lawyer, that the N100 billion dirty naira notes are missing.
The case which was filed last week in suit number FHC/L/MSC/441/2024 at the Federal High Court, Lagos, is to direct and compel the CBN to explain the whereabouts of the over N100 billion dirty and bad notes kept in various branches of the Central Bank of Nigeria (CBN) since 2017.
“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 suit by SERAP’s lawyers, Mr. Kolawole Oluwadare and Mrs Adelanke Aremo reads in part.
Meanwhile, the apex bank has yet to officially react to the claim by SERAP as of the time of filing this report.
Earlier, in June, SERAP had issued a seven-day ultimatum to CBN to account for the alleged missing N100 billion dirty notes or face prosecution.
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