Obazee, who was fired by President Muhammadu Buhari in 2017, investigated the CBN under the tenure of Sanusi Lamido Sanusi.
The former chief executive officer of the Financial Reporting Council of Nigeria
,
Mr. Jim Obazee, has been appointed by President Bola Tinubu as the special investigator to investigate the Central Bank of Nigeria (CBN) and related entities.
Obazee, who was fired by President Muhammadu Buhari in 2017, investigated the CBN under the tenure of Sanusi Lamido Sanusi.
His investigation uncovered massive corruption in Nigeria’s apex bank and his recommendation led to former President Goodluck Jonathan’s suspension of Sanusi in February 2014.
Meanwhile, the appointment of Obazee is with immediate effect and he is to report directly to the president.
In the appointment letter dated July 28, 2023, President Tinubu said the special investigator would also work on a comprehensive report on public wealth currently in the hands of corrupt individuals and establishments.
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Part of his job schedule is to strengthen key Government Business Entities (GBEs), block leakages in CBN and related GBEs and provide a comprehensive report on public wealth currently in the hands of corrupt individuals and establishments.
“By 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 letter reads.
“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.
“Find attached, herewith, my directive suspending the Governor of the CBN from office with effect from 9th June 2023.”
