Tinubu begins CBN, Emefiele probe, appoints Jim Obazee as investigator

President Bola Tinubu has begun the probe of the Central Bank of Nigeria (CBN) under the suspended Governor, Godwin Emefiele.

Tinubu announced the Chief Executive Officer of the Financial Reporting Council of Nigeria, Jim Obazee, as a special investigator to probe the apex bank and related entities.

Reports say Tinubu disclosed this in a letter, stating that the investigation begins immediately.

In the letter, Tinubu said the action is part of the effort of his government to fight corruption and that the investigator will report to him directly.

Tinubu promised to clean up CBN

Tinubu said: “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.”

During his inaugural speech, Tinubu said he would clean up the apex bank and subsequently suspended Emefiele, who was arrested by the Department of State Security Services (DSS).