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SERAP drags CBN to court over missing N100b dirty naira notes

by Present Nigeria
July 29, 2024
in Business
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SERAP Condemns Increase in Electricity Tarrifs And Petrol Pump Price

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The Socio-Economic Rights and Accountability Project, SERAP, says it has dragged the Central Bank of Nigeria to court over allegedly missing N100 billion dirty Naira notes.

SERAP disclosed this in a statement on Sunday by its deputy director, Kolawole Oluwadare.

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According to the group, the case was filed last week in suit number FHC/L/MSC/441/2024 at the Federal High Court, Lagos.

It stated that the suit 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, 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.

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PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
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