LagosAuditors found ₦1.63 trillion unaccounted for at Nigeria’s central bank.
It surfaces as the naira trades near 1,326 to the dollar, down 1.1% this month.
A Nigerian rights group cites a 2023 audit showing unrecovered state loans, bank bailouts and a farm-lending scheme with no beneficiary list.
“The CBN’s institutional independence cannot reasonably be understood as immunity from constitutional audit,” said Kolawole Oluwadare, the group’s deputy director.
The group has given the central bank seven days to respond or face a lawsuit.
How each outlet framed it
drawn from 40+ reports worldwide
- Premium Times Nigeria leans critical
- cites Auditor-General documenting $6.23M in alleged fraudulent election-funding by ex-President Buhari, plus ₦1.25T+ unrecovered loans
Sources: Premium Times Nigeria