BREAKING: Tinubu Orders Probe Of CBN (DETAILS)

BREAKING: Tinubu Orders Probe Of CBN (DETAILS)

President Bola Tinubu has designated Jim Osayande Obazee as a special investigator tasked with probing the Central Bank of Nigeria (CBN) and related activities.

The appointment was communicated to Jim Osayande in a letter signed by the President and addressed to him. Jim Osayande currently serves as the Chief Executive Officer of the Financial Reporting Council of Nigeria (FRCN).

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“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’s letter read.

“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.”

Additionally, Tinubu forwarded a copy of his order suspending Emefiele as the head of the central bank to Obazee.

This development coincides with the ongoing trial of the suspended apex bank governor, Godwin Emefiele. Following his suspension, Emefiele has been in the custody of the Department of State Services (DSS). While a court granted him bail last week, he was subsequently re-arrested by the secret police.

Emefiele is facing charges related to the illegal possession of firearms and ammunition, which were filed against him by the Federal Government. Despite the charges, Emefiele has pleaded not guilty.