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Give Account For Missing N100bn Dirty Notes, Others, SERAP Tells CBN Gov

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By Kayode Sanni-Arewa

The Socio-Economic Rights and Accountability Project has urged the Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, “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.”

In a letter dated June 29, 2024, and signed by its Deputy Director, Kolawole Oluwadare, SERAP said the allegations are documented in the latest annual report recently published by the Auditor-General of the Federation.

The organisation said these allegations by the Auditor-General suggest grave violations of public trust, the provisions of the Nigerian Constitution, the CBN Act, and national and international anti-corruption obligations.

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SERAP also asked Cardoso to “explain the whereabouts of the N7.2 billion budgeted for the construction of the CBN Dutse branch in 2010 and the N4.8 billion budgeted for the renovation of the CBN Abeokuta branch in 2009, and to publish the names of the contractors who collected the money but failed to complete the projects.”

SERAP urged the CBN boss “to explain the whereabouts of the allegedly missing outstanding loan of N1.2 billion granted to the Enugu State Government in 2015 and the outstanding loan of N1.9 billion granted to the Anambra State Government between 2015 and 2016 and to fully recover and remit the public funds to the treasury.”

It also asked him “to refer these grave violations of the Nigerian Constitution 1999 (as amended), the CBN Act and the country’s national and international anti-corruption obligations to appropriate anti-corruption 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 seven 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.

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“Explaining the whereabouts of the missing public funds, publishing the names of those suspected to be responsible and ensuring that they are brought to justice and the full recovery of any missing public funds would serve the public interest and end the impunity of perpetrators.

“According to the recently published 2020 audited report by the Auditor General of the Federation (AGF), the Central Bank of Nigeria (CBN) has since 2017 been keeping over N100 billion ‘dirty and bad notes’, and other large sums of cash awaiting examination in various branches of the CBN.

“The Auditor-General fears that the ‘dirty and bad notes’ initially planned to be destroyed may have been ‘diverted and re-injected into the economy.’

“The CBN in August 2010 also reportedly budgeted N7.2 billion [N7,286,500,476.76] for the construction of the Dutse branch building. The Dutse branch was due to be completed in November 2012 but the contractors have failed to complete the project.

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“The Auditor-General is concerned that the project may have been ‘awarded to an incompetent contractor,’ and wants the ‘job completed without further delay.’

‘The CBN in 2009 reportedly budgeted N4.8 billion [N4,812,608,028.10] for the renovation of the CBN Abeokuta branch. The Abeokuta branch was due to be completed in 2012 but the contractors have failed to complete the project.

There is no significant renovation work on the site, several years after the proposed completion date. The Auditor-General is concerned that the project may have been ‘awarded to an incompetent contractor,’ and wants the ‘job completed without further delay.’”

SERAP said these violations also reflect a “failure of CBN accountability more generally and are directly linked to the institution’s persistent failure to comply with its Act and to uphold the principles of transparency and accountability.”

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It added, “The CBN also reportedly failed to account for the missing outstanding loan of N1.2 billion granted to the Enugu State Government in 2015 and the outstanding loan of N1.9 billion granted to the Anambra State Government between 2015 and 2016. The Auditor-General fears the public funds may have been diverted. He wants the money fully recovered and remitted to the treasury.

“Paragraph 708 of the Financial Regulations 2009 provides that, ‘on no account should payment be made for services not yet performed or for goods not yet supplied.’

Section 35(2) of the Public Procurement Act 2007 provides that, ‘once a mobilization fee has been paid to any supplier or contractor, no further payment shall be made to the supplier or contractor without an interim performance certificate

Section 16(6) of the Public Procurement Act states that ‘all bidders shall possess the necessary professional and technical qualifications to carry out particular procurements; the financial capacity and adequate personnel to perform the obligations of the procurement contracts.’”

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SERAP asserted that these alleged violations have seriously undermined the ability of the CBN to effectively discharge its statutory functions and the public trust and confidence in the bank.

According to the organisation, the apex bank ought to be committed to transparency and accountability in its operations.

It added, “SERAP notes that Section 15(5) of the Nigerian Constitution requires public institutions to abolish all corrupt practices and abuse of power.” Section 13 of the Constitution imposes a clear responsibility on the CBN to conform to, observe and apply the provisions of Chapter 2 of the Constitution.

Paragraph 3112(ii) of the Financial Regulations 2009 provides that, “Where a public officer fails to account for government revenue, such officer shall be surcharged for the full amount involved and such officer shall be handed over to either the Economic and Financial Crimes Commission (EFCC) or the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

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“Nigeria has made legally binding commitments under the UN Convention against Corruption to ensure accountability in the management of public resources. Articles 5 and 9 of the UN Convention against Corruption also impose legal obligations on the CBN to ensure proper management of public affairs and public funds.

“Nigerians have the right to know the whereabouts of the public funds. Taking the recommended measures would advance the right of Nigerians to restitution, compensation and guarantee of non-repetition.

“The Nigerian Constitution, Freedom of Information Act, and the country’s anti-corruption and human rights obligations rest on the principle that citizens should have access to information regarding their public institutions’ activities.”

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Edo guber: APC’s Okpebholo wins at Tribunal

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By Kayode Sanni-Arewa

Edo State Governor, Monday Okpebholo has been confirmed as Governor by the Edo Petition Tribunal in Abuja.

He had earlier won on September 21, 2024 on the political cum electoral turf when he clinched the first prize.

He defeated Asue Ighodalo of the Peoples Democratic Party, PDP, his closest competitor, who was banking on the power of incumbent PDP administration in the state to win.

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Ighodalo and the PDP had filed their petition at the Tribunal challenging Okpebholo and APC’s victory at the poll.

But delivering its judgement in the petition on Wednesday, the Edo Governorship Election Petitions Tribunal ruled that PDP petition failed for lack of competent witnesses

The Tribunal said that the PDP petition challenging the outcome of the 2024 governorship election also failed, because of insufficient evidence to substantiate claims of electoral malpractice.

The petitioners had alleged that the failure to properly record electoral materials prior to the election had affected the results.

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However, the Tribunal found that while documents were submitted, no witnesses were called to properly authenticate them, rendering the evidence inadmissible.

Of the 19 witnesses presented by the petitioners, 14 were ward and local government agents, while their star witness, who claimed to be a director of strategy, played no direct role in the conduct of the election.

The Tribunal noted that none of these witnesses provided testimony on the alleged failure of prior recording of electoral materials, deeming them incompetent to testify on the matter.

Furthermore, the Tribunal emphasized that for allegations of over-voting to be proven, petitioners must provide oral evidence, in line with the precedent set by the Supreme Court.

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It stressed that it was bound to adhere strictly to the Supreme Court’s roadmap in adjudicating election disputes.

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Nigerian Immigration Operatives Nab 51 Illegal Migrants From Mali In Nyanya, Abuja

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According to the statement, the arrests took place on Monday, March 31, 2025, following credible intelligence.

The Nigeria Immigration Service (NIS) has said that its officers arrested 51 illegal migrants from Mali in New Nyanya, Karu Local Government Area of Nasarawa State.

The NIS made this known in a statement issued on Wednesday by its Public Relations Officer, ACI A.S. Akinlabi.

According to the statement, the arrests took place on Monday, March 31, 2025, following credible intelligence.

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A breakdown of the arrested migrants revealed that 11 were female, while 40 were male, with ages ranging between 16 and 19 years.

Akinlabi stated that preliminary investigations revealed that the arrested illegal migrants may have been victims of Trafficking in Persons (TIP) and Smuggling of Migrants (SOM), as they were found without valid travel documents or residence permits.

“Preliminary investigations conducted by the Service suggest that the migrants may have been victims of Trafficking in Persons (TIP) and Smuggling of Migrants (SOM), as they were found without valid travel documents or residence permits,” Akinlabi stated.

The statement further noted that the detained individuals have been taken into the custody of the Service for further profiling and investigation.

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“The arrested individuals have been taken into the custody of the Service for further profiling and investigation to determine the circumstances of their migration and any potential involvement of trafficking or smuggling networks or syndicates,” Akinlabi added.

Akinlabi further stated that the NIS would determine the circumstances surrounding their migration and uncover any potential involvement of trafficking or smuggling syndicates.

The statement added, “The Nigeria Immigration Service remains committed to ensuring that Nigeria’s borders are protected against illegal migration while upholding the rights of migrants who comply with the country’s immigration laws.

“The Service continues to work closely with relevant authorities and stakeholders to combat smuggling of migrants and counter trafficking in persons effectively.

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“The NIS reassures the general public of its unwavering commitment to National Security and Migration Management while encouraging citizens to report suspicious migration activities to the nearest NIS Commands and Formations.”

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Police Exhume Engineer’s Body From Shallow Grave In Delta Community

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The remains of an engineer, Chigozie Udalu, have been exhumed from a shallow grave in Akwukwu-Igbo, the headquarters of Oshimili North Local Government Area in Delta State.

Recall that the engineer, who was contracted to construct offices in Akwukwu-Igbo, was murdered and buried in a shallow grave.

Though the incident occurred in December 2024, details only emerged recently after two suspects were arrested in connection with the crime.

Assailants Murder Construction Engineer In Delta State Community, Bury In Shallow Grave

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A community source revealed that the suspects, identified as Tiv youths from Benue State, allegedly killed the engineer and concealed his body on a farm.

“Two Tiv boys from Benue State have been arrested in connection with the crime. They buried the engineer’s remains in a shallow grave on a farm,” the source stated.

The Delta State Police Command confirmed the incident, with spokesman Edafe Bright acknowledging that an investigation was ongoing.

“We are aware of the incident, and our men are working to ensure others involved are apprehended,” Bright revealed.

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On Wednesday, the remains of the victim were exhumed by the police and the Delta State government.

A police source revealed that the arrested suspects alleged the engineer owed them money and often verbally abused them.

“They had also intended to steal cement from the site but perceived the engineer as an obstacle. On December 10, 2024, they planned to strike him with a 2×2 plank but assumed he was physically strong and might overpower them.

“On December 11, the Tiv boys put a rope around his neck from behind, causing strangulation. Upon his death, they buried him in a shallow grave on the farm,” the source explained.

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“Following the murder, the suspects reportedly completed their contract at the site and stole the victim’s phone, making several attempts to transfer money via a mobile app.

“Additionally, the landlord of the construction site was accused of being involved in money rituals. In an attempt to clear his name, he was taken to shrines to swear an oath before the victim’s family.

“The landlord recounted his ordeal, stating that he nearly gave up on the case due to the challenges he faced with the State Criminal Investigation Department (SCID) in Asaba.

“However, a police officer suggested he visit Ekpan Divisional Police Officer (DPO), CSP Aliyu Shaba. The officer assured him that within 30 days, the truth would be uncovered.

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“Upon arrival at Ekpan, the landlord briefed the DPO, who assembled his team and employed sophisticated investigative techniques, leading to the arrest of two suspects.

“One of the suspects later confessed to knowing the location where the engineer was buried,” the source said.

A young man was also arrested and transferred to the SCID for openly threatening the victim in the presence of the landlord, further highlighting the brutality of the crime.

Of the four individuals arrested, two are considered principal suspects. Meanwhile, a manhunt is ongoing for the remaining suspects who are still at large.

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