President Bola Tinubu has designated a Special Investigator to conduct an investigation into the Central Bank of Nigeria (CBN) and Related Entities. He named Jim Obazee, a former Chief Executive Officer of the Financial Reporting Council of Nigeria (FRCN), as the investigator in a letter seen by Daily Sun.
The President, who stated that Obazee will report directly to him, also requested that he probe the CBN and important Government Business Entities (GBEs).
“By the fundamental objective outlined 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,” the letter read.
The president also forwarded a copy of his decision to suspend Godwin Emefiele as Governor of the Central Bank of Nigeria on June 9, 2023.
Emefiele has been detained by the DSS since then. He was arraigned in court and granted bail last week, but the secret police arrested him again.