CBN can't account for N3 trillion -- N629 billion went to people nobody can name.

SERAP has taken the Central Bank of Nigeria to the Federal High Court in Abuja, demanding answers for N3 trillion in public funds the Auditor-General says cannot be traced. The breakdown is documented: over N1 trillion never remitted to the government treasury; N629 billion paid to "unknown beneficiaries" under the Anchor Borrowers' Programme; N784 billion in overdue unpaid loans; N125 billion spent without National Assembly approval.

Stop at the Anchor Borrowers' figure. That programme was designed to support Nigerian farmers to grow food -- during the exact years when food inflation was destroying household budgets. Money meant to fix Nigeria's food supply ended up in unknown hands. The Auditor-General's report was published in September 2025. The CBN said nothing. SERAP had to go to court to force a response.

Nigeria's food crisis and its accountability crisis are the same crisis. The money that was supposed to feed people disappeared into the same system that later asked those people to tighten their belts.

No hearing date has been set. Don't hold your breath.