BREAKING:President Tinubu Appoints Special Investigator To Probe CBN

President Asiwaju Bola Ahmed Tinubu has appointed a special investigator, Jim Osayande Obazee, chairman of the committee that will probe the Central Bank of Nigeria (CBN) and Related Activities.

The President made the appointment in a letter addressed to Mr Osayande Obazee who is the Chief Executive Officer of the Financial Reporting Council of Nigeria (FRCN) on Sunday July 30th 2023.

According to the letter, the President directed Mr Obazee 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.”

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The Letter Reads In Parts

“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.

“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.”

Recall that President Bola Tinubu on June 10, 2023, suspended Godwin Emefiele who is currently in the custody of the Department Of State Security, as the Governor of the Central Bank of Nigeria.