Finance

Tinubu appoints ex-FRCN boss to probe CBN, Emefiele

Tinubu appoints ex-FRCN boss to probe CBN, Emefiele

President Bola Tinubu has appointed a Special Investigator to probe the Central Bank of Nigeria (CBN) and Related Entities.

In a letter sighted by Daily Sun, President Tinubu named Jim Obazee, a former  Chief Executive Officer, Financial Reporting Council of Nigeria (FRCN), as investigator.

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.”

Read:  APM terminals investment in Apapa hits N180 billion

“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.

Read:  Zenith expands market share with 22% earnings growth in Q1 2022

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.

Sunnews

Related posts

CBN: $200b policy opens new windows for dollar earnings

NigGal

BoI disburses N19.7bn to 3,000 enterprises

NigGal

Titan Trust Bank appoints Amray as new CEO

NigGal

FG November bonds oversubscribed by N117.15bn – DMO

NigGal

Standard Chartered to launch crypto exchange services

NigGal

Coca-Cola set to celebrate 7 decades in Nigeria

NigGal

Leave a Comment