The Socio-Economic Rights and Accountability Project (SERAP) tells Nigeria’s Central Bank of Nigeria (CBN) to explain alleged missing or unaccounted election funds and other public funds. SERAP issues a seven-day ultimatum to CBN Governor Olayemi Cardoso to account for US$6.23 million and more than ₦1.63 trillion, warning that legal action will follow if the request is not met.
Multiple reports describe the demand as originating from a letter dated September 26, 2026, signed by SERAP’s deputy director, Kolawole Oluwadare. The outlets reference SERAP’s position that the funds are diverted or not properly accounted for, and they point to the Auditor-General’s findings from 2023 as part of the basis for the claim.
While all accounts agree on the core demand and timelines, they vary mainly in emphasis and wording—such as describing the funds as “diverted or unaccounted-for” election money and “other public funds,” and whether the story frames the matter as “missing” funds or as an accounting requirement—without presenting differing underlying allegations.
