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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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Woman Wanted Over Mutilation Of Boyfriend’s Genitals In US

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Authorities in Toledo, Ohio, United States, are searching for a 45-year-old woman, Jeanita Hopings, accused of breaking into her boyfriend’s home and attacking him with a sharp object, causing serious injuries to his genitals.

As reported by PEOPLE on Thursday, warrants issued for Hopings’ arrest show she faces charges of felonious assault and aggravated burglary in connection with the October 7 incident.

Investigators allege that Hopings “forcefully kicked open the front door” of her boyfriend’s home before entering “without permission,” according to one of the warrants.

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Once inside, she allegedly attacked the victim with an “unknown instrument,” inflicting a deep wound.

“The victim’s testicle was clearly exposed as the result of the laceration,” the warrant stated.

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The man was taken to a nearby hospital for treatment, police confirmed.

READ ALSO:FIFA U-20 World Cup: Argentina Crush Nigeria 4-0

Hopings has not yet been arrested and has not entered a plea to the charges. Court records from Lucas County indicate that she has no prior felony history, though she has previously faced several traffic-related misdemeanour offences.

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Police say Hopings remains at large as the investigation continues.

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US To Execute Man Convicted Of Rape, Murder Of Teen

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A 53-year-old man convicted of the 2001 rape and murder of a teenage girl is to be executed by lethal injection in the US state of Indiana on Friday.

Roy Lee Ward was sentenced to death in 2002 for the murder of 15-year-old Stacy Payne at her home in the town of Dale.

Payne was repeatedly stabbed and died of her injuries several hours after the attack.

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Ward was arrested at the scene while still holding a knife.

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The execution is to be carried out between midnight and sunrise on Friday morning at a state prison in Michigan City.

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Ward will be the third person put to death in Indiana since the state resumed executions last year after a 15-year hiatus because of difficulties obtaining the lethal drugs used in them.

There have been 34 executions in the United States this year, the most since 2014, when 35 inmates were put to death.

Florida has carried out the most executions — 13 — followed by Texas with five and South Carolina and Alabama with four.

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READ ALSO:FULL LIST: Police Arrest Suspects Involved In Death Of Arise TV Presenter

Twenty-eight of this year’s executions have been carried out by lethal injection, two by firing squad and four by nitrogen hypoxia, which involves pumping nitrogen gas into a face mask, causing the prisoner to suffocate.

The use of nitrogen gas as a method of capital punishment has been denounced by United Nations experts as cruel and inhumane.

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The death penalty has been abolished in 23 of the 50 US states, while three others — California, Oregon and Pennsylvania — have moratoriums in place.

President Donald Trump is a proponent of capital punishment and on his first day in office called for an expansion of its use “for the vilest crimes.”

AFP

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Trump Gives Update On Israel, Hamas Peace Deal

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Trump Gives Update On Israel, Hamas Peace Deal

US President Donald Trump said Wednesday that he may go to the Middle East at the end of this week as a peace deal between Israel and Hamas in Gaza is “very close.”

Trump said during an event at the White House that he would “go to Egypt most likely” but that he would also consider going to war-torn Gaza.

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“I may go there sometime toward the end of the week, maybe on Sunday, actually. And we’ll see, but there is a very good chance. Negotiations are going along very well,” Trump told reporters at the start of the event.

Our final negotiation, as you know, is with Hamas, and it seems to be going well. So we’ll let you know, if that’s the case, we’ll be leaving probably on Sunday, maybe on Saturday.”

READ ALSO:Israeli Forces Strike Gaza Despite Trump’s Ceasefire Call

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Near the end of the meeting, US Secretary of State Marco Rubio unexpectedly entered the room and handed Trump a note.

The US president told reporters the note said that “we’re very close to a deal” and that his presence was needed. “I have to go now to try and solve some problems in the Middle East,” he added.

Hamas and Israeli officials are having indirect talks in Egypt on a 20-point peace proposal unveiled by Trump to end the two-year-old war.

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– ‘Very close’ –

Trump said as he began the event that he had come off the phone with officials in the Middle East, where his special envoy Steve Witkoff and son-in-law Jared Kushner had just joined discussions in Egypt.

READ ALSO:Trump Slams Harvard With New Restrictions On Funds

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“‘Peace for the Middle East,’ that’s a beautiful phrase, and we hope it’s going to come true, but it’s very close, and they’re doing very well,” Trump added.

“We have a great team over there, great negotiators, and they’re, unfortunately, great negotiators on the other side also. But it’s something I think that will happen.”

Asked if he would consider going to Gaza if a deal happens, Trump replied: “I would, yeah. I would. I might do that. I may do that. We haven’t decided exactly.”

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Trump said he would insist on the release of hostages held by Hamas before traveling to the region.

Egyptian President Abdel Fattah al-Sisi said earlier that he had received “encouraging” signs and hailed the support of Trump.

Hamas too expressed “optimism” over the indirect discussions with its foe Israel.

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Trump’s plan calls for a ceasefire, the release of all the hostages held in Gaza, Hamas’s disarmament and a gradual Israeli withdrawal from the territory.
AFP

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