SERAP Sues CBN over ‘Failure to Disclose Direct Payments to LGAs'

SERAP sues CBN over ‘failure to disclose direct payments to LGAs'

SERAP’s suit followed a landmark judgment by the Supreme Court last July, which held that allocations from the Federation Account with the CBN must be paid directly to democratically elected local government councils. The post SERAP sues CBN over ‘failure to disclose direct payments to LGAs’ appeared first on Premium Times Nigeria.

SERAP Sues CBN for Withholding Details of Direct Payments

The Socio-Economic Rights and Accountability Project (SERAP) has taken legal action against the Central Bank of Nigeria (CBN) over its alleged refusal to disclose details of direct financial disbursements to the country’s 774 Local Government Areas (LGAs), including those in Rivers State. The case, filed at the Federal High Court in Lagos under suit number FHC/L/MSC/521/2025, seeks to compel the CBN to release comprehensive information on the fu…

Nigeria: Court fixes July 4 to deliver judgment in NIBSS’ suit against CBN, others over BVN management  - Worldstage

WorldStage Newsonline– The Federal High Court in Abuja on Monday, fixed July 4 for judgment in the suit filed by the Nigeria Inter-Bank Settlement System (NIBSS) Plc against the Central Bank of Nigeria (CBN) and others. NIBSS, in the suit, is seeking an order to prevent any institution from challenging its statutory authority to maintain and manage the Bank Verification Number (BVN) database in Nigeria. Justice James Omotosho fixed the date afte…

CBN decries Africa’s three per cent global GDP contribution - NewsTmes.com.ng

Central Bank of Nigeria (CBN) has expressed concern about Africa’s low contributions to the global Gross Domestic Product (GDP). CBN noted that despite having nearly 20 per cent of the world’s population, Africa’s share of Global GDP is still less than three per cent. This was disclosed at the weekend in Lagos by the Deputy … The post CBN decries Africa’s three per cent global GDP contribution appeared first on NewsTmes.com.ng.

SERAP Drags CBN to Court Over 774 LG Monthly Allocations

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over its perceived failure to disclose the details of any direct payments to the 774 local government councils in Nigeria including the amounts sent to each council. SERAP’s Deputy Director, Mr Kolawole Oluwadare, disclosed […]

CBN Relapses into Ex-Gov Emefiele's Era  - InsideBusiness - Business News in Nigeria

The reform to clean up the Central Bank of Nigeria (CBN) may have been stopped following the recurrence of some practices that put the nat