SERAP Sues CBN Over Alleged Failure To Disclose LG Allocations

SERAP’s Deputy Director, Kolawole Oluwadare, disclosed this in a statement on Sunday. He said the group’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 and that no governor has the power to keep, control or use the money meant for the councils. In the suit number FHC/L/MSC/521/2025 filed last Friday at the Federal High Court, Lagos, SERAP is asking the court to “direct and compel the…

Read More