Socio-Economic Rights and Accountability Project SERAP has urged Mr. Olayemi Cardoso, governor of the Central Bank of Nigeria CBN, "to promptly account for and explain the whereabouts of the missing or diverted N3 trillion of public funds, as documented in the recently published 2022 annual report by the Auditor-General of the Federation."
SERAP said the grave allegations are documented in the latest annual report published by the Auditor-General on 9 September 2025.
SERAP urged him to "identify those responsible for the missing or diverted public funds and hand them over to the Independent Corrupt Practices and Other Related Offences Commission ICPC and the Economic and Financial Crimes Commission EFCC for further investigation and prosecution."