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Account For Missing N100bn Dirty Notes, Others, SERAP Drags CBN Gov

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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.”

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READ ALSO::SERAP Sues Tinubu, Demands Details Of Obasanjo, Buhari, Others’ Loans

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.

“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.

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“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.’

READ ALSO: SERAP Gives FG 48-hr Ultimatum To Reverse CBN’s 0.5% Cybersecurity Levy

“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.

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“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.”

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.

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“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.

READ ALSO: SERAP Sues 36 Governors, FCT Minister Over FAAC Allocations

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“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.’”

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.

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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).

“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.

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“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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UK Is A Home, Not Hotel, Kemi Badenoch Tells Immigrants, Starmer’s Govt

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UK Conservative Party leader Kemi Badenoch has slammed Prime Minister Keir Starmer’s Labour government over its immigration policy, declaring that Britain is “a home, not a hotel.”

Badenoch accused Labour of weakening the country’s borders and enabling mass automatic citizenship.

In a 1:11-minute video posted on her official X account on Friday, Badenoch claimed Labour’s proposed reforms could allow up to two million immigrants to automatically qualify for British citizenship starting next year.

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READ ALSO:Badenoch Unveils Strict UK Immigration Plan, Targets 150,000 Yearly Deportations

“From next year, two million immigrants can automatically claim British citizenship. Two million people! That’s nearly twice the population of Birmingham. That’s massive,” Badenoch said in the video.

Badenoch noted that the Conservative Party has introduced a deportation bill to bring immigration down.

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Among the measures she endorsed in the video were deporting all foreign criminals, mandatory age checks, no more pretending to be kids, tougher visa rules and salary thresholds, disapplying the Human Rights Act to immigration cases, and no more abusing human rights laws to judge deportations. Make asylum support repayable, and no permanent right to stay in the UK if you’ve relied on benefits.

READ ALSO:Badenoch Slams UK’s Palestine Recognition Decision As ‘Absolutely Disastrous’

Until that’s law, we won’t fix this. Labour should adopt it now. It’s time to get tough. That’s what the Conservatives’ Deportation Bill delivers, and we’re going to go further. Our country is a home, not a hotel. And if we don’t defend it, no one else will.”

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In the caption that came with the video, she tweeted, “Labour has blocked every single measure we’ve put forward to cut immigration and stop abuse of the system.

“Now they’re pushing one half-arsed proposal — it’s weak; it won’t work. It’s time they stopped playing games and backed our Deportation Bill.”

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King Charles To Pray With Pope Leo In Historic Vatican Visit

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King Charles III will on Thursday meet Pope Leo XIV at the Vatican and make history as the first head of the Church of England to pray publicly with the pontiff for five centuries.

The 76-year-old monarch, who is the supreme governor of the Church of England, arrived in Rome on Wednesday evening with his wife, Queen Camilla, for what Buckingham Palace described as a “historic” state visit.

It will be Charles’s first meeting with Leo since the US-born pope took over as head of the world’s 1.4 billion Catholics in May, following the death of Pope Francis.

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The royals will arrive at the Apostolic Palace at 10.45am (0845 GMT) for private talks with the pope.

READ ALSO:King Charles III To Visit Vatican Next Week

The king and queen will then join an ecumenical service at midday (1000 GMT) in the Sistine Chapel led by Pope Leo and the archbishop of York, Stephen Cottrell, currently the senior cleric of the Church of England.

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Broadcast live by Vatican media, it will be the first time a reigning English or British monarch has prayed publicly with a pope since English king Henry VIII broke with Rome in 1534.

Triggered by the pope’s refusal to annul the king’s marriage so he could marry another woman, the schism made the monarch head of the separate Church of England.

Thursday’s service, held beneath Michelangelo’s spectacular ceiling frescoes, will be centred on conservation and protecting the environment, a cause championed by Charles.

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READ ALSO:King Charles To Knight David Beckham For Football, Charity Work

It will bring together Catholic and Anglican traditions, with the choir from the Sistine Chapel joined by that from Saint George’s Chapel, Windsor Castle, one of the king’s residences.

– Schism –

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The religious break between London and Rome remains, even if there has been a significant rapprochement in recent decades.

In 1961, the late Queen Elizabeth II, Charles’s mother, became the first British monarch to visit the Holy See since the split.

The law was changed in 2013 so that marrying a Catholic would no longer disqualify someone from becoming monarch — although they still have to be a Protestant themselves.

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The rapprochement is important because “Anglicanism was born in reaction to the Catholic Church, and therefore in opposition,” said Hyacinthe Destivelle, a French priest and member of the Vatican’s dicastery (department) for promoting Christian unity.

READ ALSO:King Charles III To Visit Vatican Next Week

This is no longer the case, despite “theological differences in recent decades”, he told AFP.

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Unlike the Roman Catholic Church, the Church of England — the mother church of the world’s 85-million-strong Anglican community — ordains women and allows priests to marry.

Sarah Mullally was recently named the first female archbishop of Canterbury, the Church’s top cleric, although she has yet to officially take up her post.

– Royal Confrater –

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Charles and Queen Camilla are also set to take part in a service at the Basilica of Saint Paul Outside the Walls in Rome, one of four major papal basilicas, which has historic links with the English crown.

READ ALSO:Police Bust Child Trafficking Syndicate In Rivers, Rescue Babies

The king will be made a “Royal Confrater” of the basilica and presented with a specially designed seat for use by him and future British monarchs.

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Charles has visited the Vatican several times and met privately with Pope Francis on April 9, just days before the pontiff’s death.

The king sent his son and heir, William, to the funeral and his brother, Prince Edward, the Duke of Edinburgh, to Leo’s inauguration mass.

The visit comes as the Catholic Church celebrates the Jubilee, a year-long event held every 25 years, which has drawn millions of pilgrims to the Vatican.

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It also comes at a delicate time for Charles, following new revelations about his brother Prince Andrew, who is mired in a scandal surrounding late US sex offender Jeffrey Epstein.

Andrew announced on Friday that he would relinquish his title as Duke of York, reportedly under pressure from Charles. He had already stepped back from royal duties in 2019.

AFP

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One Dies As Woman Trying To Kill Cockroach Sets House On Fire

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South Korean police have stated that a woman in her 20s set her apartment building on fire while trying to kill a cockroach with an improvised flamethrower.

Local media reports that the woman attempted to burn the insect using a lighter and a flammable spray, saying she had used the same method before. However, items in her home caught fire on Monday, spreading to other parts of the building.

Police in the northern city of Osan said they will seek an arrest warrant for the woman, who could be charged with accidentally starting a fire and causing death by negligence.

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READ ALSO:Lagos Fire Service Rescues Woman From 60-foot Well In Ikorodu

According to the BBC, one of the woman’s neighbours, a Chinese national in her 30s, died while trying to escape the blaze. The victim lived on the fifth floor of the building with her husband and their two-month-old baby.

When the fire broke out, the couple opened their window and called for help. They handed their baby to a neighbour on the adjacent block before attempting to escape. The husband managed to climb over, but the woman fell from the window. She was taken to the hospital and pronounced dead hours later.

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Police said they believed the couple tried escaping through the window because thick smoke from the fire had blocked the stairway.

READ ALSO:Senate Approves Life Imprisonment For Child Defilement Convicts

The building houses commercial shops on the first floor and 32 residential units from the second to fifth floors. Eight other residents also suffered from smoke inhalation.

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Using blowtorches or homemade flamethrowers to kill cockroaches has become a trend on social media. In 2018, an Australian man set fire to his kitchen while attempting to exterminate cockroaches with a similar device.

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