The President, Bola Tinubu, has designated a special investigator to conduct an inquiry into the Central Bank of Nigeria.
The appointment was made through a letter dated July 28, 2023, where the President named Jim Obazee, the Chief Executive Officer of the Financial Reporting Council of Nigeria, as the chosen investigator.
The President has tasked the Special Investigator to look into the affairs of the CBN and other significant Government Business Entities, with a requirement to report directly to the President’s office.
The letter read, “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, further block leakages in the 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 president also sent a copy of his directive suspending Godwin Emefiele as Governor of the CBN on June 9, 2023.
