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Emefiele’s Saga Not Over Yet As Tinubu Appoints Special Investigator To Probe CBN

The problem of the embattled former boss of the Central Bank of Nigeria is not over yet as President Bola Tinubu has appointed a Special Investigator to probe the apex bank and its related entities, Daily Trust reports.

According to the letter the medium claimed to have obtained, said Tinubu named Jim Osayande Obazee, the Chief Executive Officer, Financial Reporting Council of Nigeria (FRCN), as the investigator.

The President, who asked the Special Investigator to investigate CBN and key Government Business Entities (GBEs), also said Obazee would report directly to his office.

“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,” the letter read.

The president also sent a copy of his directive suspending Emefiele as Governor of the apex bank on 9 June, 2023.

Recall that Emefiele has been in DSS custody since then. He was arraigned in court last week and granted bail but the secret police rearrested him.


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