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Tinubu seeks ex-FRCN boss Obazee to investigate Emefiele

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Tinubu seeks ex-FRCN boss Obazee to investigate Emefiele

The Central Bank of Nigeria (CBN) and Related Entities are being investigated by a Special Investigator that President Bola Tinubu has appointed.

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NewsReport Nigeria reports that President Tinubu appointed Jim Obazee, a former CEO of the Financial Reporting Council of Nigeria (FRCN), as an investigator in a letter seen by Daily Sun.

The President who said Obazee would report directly to his office, also asked him to investigate CBN and key Government Business Entities (GBEs).

“In accordance with the fundamental objective set forth in Section 15(5) of the Constitution of the Federal Republic of Nigeria 1999 (as amended), this administration is, today, continuing the fight against corruption by appointing you as a Special Investigator, to investigate the CBN and Related Entities. This appointment shall be with immediate effect and you are to report directly to my office.”

Tinubu seeks ex-FRCN boss Obazee to investigate Emefiele

“The full terms of your engagement as Special Investigator shall be communicated to you in due course but, require that you immediately take steps to ensure the strengthening and probity of key Government Business Entities (GBEs), further block leakages in CBN and related GBEs and provide a comprehensive report on public wealth currently in the hands of corrupt individuals and establishments (whether private or public).

“You are to investigate the CBN and related entities using a suitably experienced, competent and capable team and work with relevant security and anti-corruption agencies to deliver on this assignment. I shall expect a weekly briefing on the progress being made,” the letter read.

The president also sent a copy of his directive suspending Godwin Emefiele as Governor of the CBN on June 9, 2023.

Emefiele has been in DSS custody since then. He was arraigned in court last week and granted bail but the secret police rearrested him.

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