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June 13, 2024

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

President Bola Tinubu has assigned Jim Obazee, the CEO of the Financial Reporting Council of Nigeria, as a special investigator to conduct an inquiry into the Central Bank of Nigeria (CBN) and associated organizations.

This was contained in a letter signed by the President and obtained by Channels Television on Sunday.

The letter reads, “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.”

Obazee is the Chief Executive Officer of the Financial Reporting Council of Nigeria (FRCN).


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