Missing $6.2m Buhari election fund: SERAP gives CBN seven days to explain

The Socio-Economic Rights and Accountability Project, SERAP, has fixed the Central Bank of Nigeria, CBN, 7 days to relationship for $6.23 cardinal predetermination wealth and implicit N1.63 trillion missing nationalist funds.

SERAP made the request successful a missive dated September 26, 2026, signed by its Deputy Director, Kolawole Oluwadare.

According to SERAP, the Auditor-General’s 2023 study published connected August 7, 2026, exposed the missing funds.

SERAP listed the funds arsenic N1.25 trillion unrecovered involution loans fixed to authorities governments; N116.18 cardinal loans to distressed and liquidated banks; N262.86 cardinal shared nether Anchor Borrowers Programme; and $6.23 cardinal outgo linked to alleged predetermination backing petition said to beryllium made by erstwhile President Muhammadu Buhari.

SERAP asked Cardoso and CBN to explicate however implicit N1.25 trillion involution loans fixed to states and N116.18 cardinal loans to distressed banks disappeared, and to people names of those who collected the wealth and however they program to retrieve it.

The radical besides told CBN to springiness afloat details of the N26...