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Tinubu appoints Jim Obazee, ex-FRC boss, as special investigator to probe CBN

July 30, 2023
2 Min Read

 

President Bola Tinubu has appointed Jim Obazee, former chief
executive officer of the Financial Reporting Council of Nigeria, as a special
investigator.

 

The special investigator to investigate the Central Bank of
Nigeria (CBN) and related entities.

 

In a letter dated July 28, 2023, the
president said the appointment takes immediate effect and Obazee is to report
directly to his office.

 

Tinubu said the special investigator would also work on a
comprehensive report on public wealth currently in the hands of corrupt
individuals and establishments.

 

“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 letter reads.

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“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.

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“Find attached, herewith, my directive suspending the
Governor of the CBN from office with effect from 9th June 2023.”

 

Obazee investigated the CBN during Sanusi Lamido Sanusi’s
tenure and allegedly unearthed massive corruption.

 

It was upon his recommendation that former President
Goodluck Jonathan suspended Sanusi in February 2014.

 

However, Obazee was fired by President Muhammadu Buhari in
2017.