President Bola Tinubu has appointed the Chief Executive Officer of the Financial Reporting Council of Nigeria, Mr Jim Osayande Obazee, as Special Investigator of the Central Bank of Nigeria (CBN) and other related entities.
In a letter addressed to Obazee dated July 28, 2023, and personally signed by him, President Tinubu explained that the appointment of Obazee was in line with his administration’s commitment to fighting corruption and under provisions of section 15 (5) of the 1999 Constitution of the Federal Republic of Nigeria (as amended).
While assuring the appointee that the terms of his engagement which is with immediate effect will soon be made known to him, the President directed Obazee to report directly to him while probing the CBN and related entities using a capable team while also blocking further leakages in the CBN and related Government Business Entities (GBEs).
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•To investigate illegally held govt wealth in hands of private, public persons
The letter reads, “In accordance with the fundamental objective outlined 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).
•To report directly to President weekly
“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.
“Find attached, herewith, my directive suspending the Governor of the CBN from office with effect from 9th June 2023.”
