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CBN Sued Over Failure To ‘Account For Missing N100bn Dirty Notes, Other Public Funds’

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The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) “over the failure 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 the suit number FHC/L/MSC/441/2024 filed last week at the Federal High Court, Lagos, SERAP is asking the court to “direct and compel the CBN to explain the whereabouts of the over N100 billion dirty and bad notes kept in various branches of the Central Bank of Nigeria (CBN) since 2017.”

SERAP is also asking the court to “direct and compel the CBN to explain the whereabouts of the N7.2bn meant for the construction of the CBN Dutse branch building in 2010 and the N4.8bn meant for the renovation of the CBN Abeokuta branch in 2009 and to publish the names of contractors who collected the money.”

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SERAP is asking the court to “direct and compel the CBN to explain the whereabouts of the allegedly missing outstanding loan of N1.2bn granted to the Enugu State government in 2015 and the outstanding loan of N1.9bn granted to the Anambra state government between 2015 and 2016.”

In the suit, SERAP is arguing that, “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.”

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

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SERAP is also arguing that, “These grim allegations by the Auditor-General of the Federation suggest grave violations of the public trust, the provisions of the Nigerian Constitution, the CBN Act, and national and international anticorruption obligations.”

According to SERAP, “These grave 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 anti-corruption standards.”

SERAP is arguing that, “These allegations have seriously undermined the ability of the CBN to effectively discharge its statutory functions and the public trust and confidence in the bank. The CBN ought to be committed to transparency and accountability in its operations.”

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The suit filed on behalf of SERAP by its lawyers Kolawole Oluwadare and Mrs Adelanke Aremo, read in part: “Nigerians have the right to know the whereabouts of the public funds. Granting the reliefs sought would advance the right of Nigerians to restitution, compensation and guarantee of non-repetition.”

“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.’”

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

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“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.’”

“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 clear responsibility on the CBN to conform to, observe and apply the provisions of Chapter 2 of the constitution.”

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“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 handled 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.”

READ ALSO: [JUST IN] Budget Padding Controversy: SERAP Drags Akpabio To Court

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“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.”

“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 [N100,672,999,000.00] ‘dirty and bad notes’, and other large sum 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 ‘be diverted and re-injected into the economy.’”

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

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

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

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“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 incompetent contractor,’ and wants the ‘job completed without further delay.’”

“The CBN also reportedly failed to account for the missing outstanding loan of N1.2 billion [N1,294,453,887.83] granted to the Enugu state government in 2015 and the outstanding loan of N1.9 billion [N1,994,383,561.64] granted to the Anambra state government between 2015 and 2016.”

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“The Auditor-General fears the public funds may have been diverted. He wants the money fully recovered and remitted to the treasury.” No date has been fixed for the hearing of the suit.

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I Apologise For Mutilating You, Let’s Reconcile, Former FGM Tells Estranged Daughter

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Mrs Bridget Omobude, 56, a former Female Genital Mutilation (FGM) practitioner who cut girls for more than three decades, admitted to mutilating even her daughter, a decision that fractured their relationship.

For Omogbode, reneging on female genital mutilation, a trade she learnt and had been involved with from age 11, was because of her daughter, who had relocated abroad.

Her daughter called to confirm whether she was genitally mutilated as a baby. Her mother’s affirmation led to her daughter stopping talking or receiving her calls.

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Although Mrs Omobude tried all she could, to date, her daughter had stopped talking to or receiving her calls.

Mrs Omobude, now an advocate for FGM, believes that maybe when her daughter reads about her apology, she might be forgiven.

Omobude said, “When I joined this programme, I was happy to be with the children. My family has always cared for children; it’s a tradition passed down from my great-grandmother to my mother and now to us. When they brought the children for the service, we held them so we could learn how to care for them properly.

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“I have surrendered my knife as a cutter, though I used to carry out the procedure on only family members. But with the experience I am having with my daughter now, I recommend other cutters stop this hazardous act.”

Mrs Sakirat Makinde (not her real name) is a survivor of FGM and a mother of five girls and a boy. Three of her female children had already been cut (circumcised).

READ ALSO:Soldier Sentenced To Death For Murder, Armed Robbery In Akwa Ibom

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I am a mother of six: a boy and five girls. Among those five girls, three are circumcised. The reason why the remaining two were not circumcised is that when I gave birth to my number five girl, there was no money to circumcise her,” recounted Mrs Makinde.

She added, “So when I gave birth to the last one, I was now planning to circumcise the two of them together. So when I heard that the money they told me was big, I went back home hoping that maybe later I would go back to circumcise them, but I didn’t go back.

“Till the beginning of this year, 2025, I was still planning to go for those two because they said when they’re not circumcised, they would not stay with one husband due to promiscuity myths and beliefs.

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“This was about 12 years and nine years ago, as the children are now between 12 and nine years old. At that time, I was asked to pay N12,000 each for the two of them. It was while I was still planning how to circumcise them that a female chemist introduced the FGM programme to me, which I attended,” she said.

Another FGM survivor, Hannah (not her real name), said the painful experience has left her struggling to enjoy sexual intimacy with her partner.

The 38-year-old lady from the indigenous Igbo tribe in Enugu State said that she was cut without her consent on the orders of family members.

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Hannah described FGM as barbaric and unnecessary, urging those involved in the practice to stop, saying the trauma still lingers, making her feel less feminine.

Meanwhile, Hannah, who was a victim of this act, joined the practice at age 25 and operated on girls, too. She told how girls were subjected to the surgery with no anaesthetic and bled severely.

READ ALSO:UK Nursery Worker Jailed For Abusing 21 Babies

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She noted that the cutting comes with physical complications, severe pain, excessive bleeding, infections, urinary issues, menstrual problems, emotional trauma, and psychological effects, including anxiety, depression, and sexual dysfunction.

Another survivor of FGM and secondary school teacher, Doris Akare, in Edo State, was mutilated at 8 days old. This made her spend an extra three months at Lagos State University Teaching Hospital, LUTH.

FGM is a no-no for me. Every mythical belief about the promiscuity of women is not good.

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She blames some elders for sticking to this traditional practice and harassing individuals who refuse to comply with their beliefs and values.

At a two-day media dialogue in Benin, organised by the Oyo State Ministry of Information and Orientation in collaboration with UNICEF, these survivors and campaigners shared their pains and the devastating impact of FGM.

They are transforming their personal trauma into powerful advocacy, determined to end a practice that continues to scar millions of Nigerian women and girls.

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The Chief of UNICEF, Lagos Field Office, Celine Lafoucriere, said at the media parley that nearly 20 million women and girls in Nigeria had undergone FGM, ranking third highest globally.

This is a huge number that we cannot be blind or deaf to,” she said.

Lafoucriere said that despite being outlawed in Nigeria, FGM persists in numerous Nigerian communities, adding that the practice is fuelled by myths and traditions and should be acknowledged as detrimental.

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READ ALSO:FBI Places $10,000 Bounty On Nigerian Wanted For Bank Fraud

She emphasised that no cultural or traditional practice should compromise girls’ health, rights, or prospects.

In her remarks, Blessing Ejiofor, UNICEF Communication Officer at the Lagos Field Office, noted that while campaigns have led to a decline in FGM, the advocacy efforts aim for its complete elimination.

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Ejiofor, who declared that no woman should undergo the harmful process of FGM, revealed that it was now a criminal offence in Nigeria to engage in it.

Moreover, the Child Protection Specialist, UNICEF Lagos Office, Dennis Onoise, said that the testimonies from the survivors and former practitioners are enough evidence that FGM is not only harmful but also dangerous to the lives and livelihoods of women.

We need to reach out to community members and say we want to abandon this practice. We can no longer continue with this practice; we are not helping the people we cut in terms of reproductive health. It doesn’t help the woman to enjoy her body. It does not curb promiscuity, so its purpose is defeated,” Onoise declared.
(TRIBUNE)

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Nigeria Needs 1.2 Million Teachers — FEDCOLE Ofeme Chairman

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Chairman, Governing Council, Federal College of Education, Ofeme-Ohuhu in Umuahia North LGA, Hajjia Rabia Hussain Adamu, has said that Nigeria is in dire need of over 1.2 million teachers, describing this deficit in the education sector as the biggest crisis.

Adamu disclosed this on Friday on the occasion of the maiden matriculation ceremony of the college.

She said, “The biggest crisis point in Nigeria is the teacher crisis. We have a gap of about 1.2 million teachers. We need 1.2 million teachers minimum for Nigerian classes to be adequately provided for.

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“The ratio that we have is supposed to be 1 to 25, one teacher to 25 pupils. But there are schools in this country where you have one teacher to 300, one teacher to 400, one teacher to 500. I would like to believe that the interest that you have shown in coming to a college of education is to become a teacher”.

Taking a critical look of the departmentmental spread of the 160 matriculants, Hajjia Adamu regretted, “a hundred and sixty students are matriculating today.

READ ALSO:BREAKING: Federal Colleges Of Education To now Award Bachelor’s Degrees

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Across all the subject areas, I have noticed that there is a lot of people, a lot of interest in business, education sector, followed by political science, social studies. From my mental calculation, I think there are about 44 people wanting to study business.

“About 20 in social sciences, sociology, social work, social studies rather, and then there are about 15 in political science or thereabout. This is very good, but as a teacher and as a player in the education team, in the education sector, as a team leader of some sort in any activity that relates to education in Nigeria, I think that this admission profile is saying a lot. Nigeria is at the threshold of a crisis in the education sector, and we all know that”.

Addressing the matriculants, she warned, “I know many people would not agree with me, even most of you there. So you go for a business education, I hope I will not come back after five years and find you in the markets, not in my classrooms. I hope I will not come back in three or five years and find you in customs, immigration, and so on and so forth.

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“This is what is happening to the teaching profession. So please, my message to you all today, please, we need teachers. If there are no teachers, there is no future. And if there is no future, who will teach your children? Who will teach your grandchildren? Who will provide the leaders of tomorrow? The teachers make the presidents. The teachers make the engineers. They make the architects, the doctors, the lawyers, and everybody else.

“So if you all run away from teaching, there is going to be a bigger crisis. So please, I would like to call upon you all matriculating students, to ensure that you remain within this profession. I promise you, Nigeria will not disappoint you. And I believe that your reward is not only in heaven. Your reward definitely, you deserve it here on earth. I don’t know whether I can make a promise, but I want to believe the work that the provost and his team will be doing here will ensure that we keep engaging the critical stakeholders, the critical providers, to make sure teaching is once more restored. So we are having problems not only in general classrooms, but in the rural areas especially we don’t have teachers.

READ ALSO:FG To Split Unity Colleges Into Basic, Secondary Schools

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She stated that Nigeria is thinking towards moving forward and thinking of giving teachers the requisite recognition through a policy called the National Teacher Education Policy, explaining, “that policy is talking about how to make teachers’ salaries, welfare, at the forefront of the government of the day, especially. So a lot of reforms are coming. And the reforms are supposed to make sure that the teaching profession is restored to its previous glorious days.

“So I know that most of you will be going to the rural areas, but I am appealing to you to consider going to rural areas because that is where the work is. We need to do that. We cannot continue to have zero access to education in the rural areas. But we find a lot of the NCEE graduates preferring to teach in the urban areas and also in secondary schools. That is why the quality of education in this country is getting worse and worse and worse every day. You find that the unqualified teachers are the ones teaching the foundation years. Foundation schools are very important. And that brings my mind to another issue that I noticed in the profile of the graduating students today.

“Primary education is the bedrock of the education sector. I’d like to see more people coming into the PAS department, the Primary Education Studies department, to provide quality teachers for the primary education sector. I know that you’re also teaching in the junior secondary school sector, but the most important foundational stage is the primary school. This is the way to go in Nigeria if we want to change the education profile of this country”.

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In her speech, the state Commissioner for Tertiary Education, Professor Uche Eme-Uche, represented by her Permanent Secretary, Barr Chinyere Okeziem-Nwoko explained, “teacher education, is the backbone of any progressive society. As aspiring educators, you are not just pursuing a career you are embracing a calling. You are being prepared to become leaders in classrooms, mentors in communities, and role models in our society.

READ ALSO:Bauchi Govt. Shuts 39 Colleges Of Education

“In Abia State, our education loving Governor Dr Alex Chioma Otti, recognizes the vital role that Colleges of Education play in the training of qualified teachers. This is why the State through Ministry of Tertiary Education continues to work closely with our institutions to improve infrastructure, revise curriculum to meet contemporary needs, enhance research capacity, and ensure the overall quality of teacher training. The world is changing rapidly, and the classrooms of today are not the same as those of yesterday. As future teachers, you must be equipped not only to teach but also to inspire creativity resilience, and innovation among your future students”.

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Earlier in his speech, the Provost of the school, Dr. Titus Ezeme informed, “the College has been allocated a take-off grant by the Tertiary Education Trust Fund (TETFUND). We also look forward, with optimism, to further interventions from TETFUND and other relevant agencies, which will help consolidate the infrastructural foundation of our young institution.”

While highlighting federal government interventions in the institution, the construction of a 74-room female hostel, the Provost called for assistance over modern lecture theatres and academic staff blocks, building complexes, a reliable generating set and solar lighting system, construction of the college access road and internal roads, modern administrative block, modern library complex, ICT building, college clinic, perimeter fencing and operational and utility vehicles.
(TRIBUNE)

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‘Your Suffering Is Pain Of Painful Surgery’, Tinubu Tells Nigerians At Ladoja’s Coronation

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President Bola Ahmed Tinubu has assured Nigerians that there would be light at the end of the tunnel, saying their “suffering is a pain of painful surgery”.

This comes on the heels of economic hardship caused by his reforms since assuming office as president.

Tinubu, while giving his remarks at the coronation of the 44th Olubadan of Ibadanland, His Imperial Majesty Oba Rashidi Ladoja, thanked Nigerians for standing with his government.

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His words; “Thanks for taking care of me (referring to the people of Ibadan). I’m here today to tell you to stand with me, and that it is my turn, and we are there.

READ ALSO:JUST IN: Tinubu Arrives At Olubadan Coronation

“To many of you here present, today I’m honoured and very proud to give you the cheering news that economy has turned the corner. There is a bright light at the end of the tunnel. Your suffering is a pain of a painful a surgery, but is now returned to the moment of growth and prosperity is awaiting us ahead”.

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Earlier, Oyo Governor Seyi Makinde presented the Staff of Office to Oba Rashidi Ladoja, as the 44th Olubadan of Ibadanland.

The governor made the presentation at the coronation ceremony of the new Olubadan, held at the historic Mapo Hall on Friday.
(TRIBUNE)

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