President Tinubu Appoints Jim Obazee as Special Investigator to Probe CBN and Government Entities
In a decisive move to combat corruption and promote transparency, the President of Nigeria, in a letter dated July 28, 2023, has appointed Jim Obazee, Chief Executive Officer of the Financial Reporting Council of Nigeria, as the Special Investigator. The President's directive empowers the investigator to delve into the affairs of the Central Bank of Nigeria (CBN) and other Government Business Entities (GBEs), with a direct reporting line to the President's office.
The letter emphasized the administration's commitment to fighting corruption, in line with the constitutional objective outlined in Section 15(5) of the 1999 Constitution of the Federal Republic of Nigeria. The appointment takes immediate effect, with the Special Investigator tasked with enhancing the integrity and accountability of key Government Business Entities, curbing financial leakages within the CBN and related entities, and providing a comprehensive report on public wealth held by both public and private corrupt individuals and establishments.
To accomplish this crucial mission, the appointed investigator will be working alongside a skilled and competent team, collaborating closely with relevant security and anti-corruption agencies. Regular progress updates are expected, with weekly briefings to the President.
In another significant development, the President shared a copy of his directive, dated June 9, 2023, which suspends Godwin Emefiele from his position as the Governor of the Central Bank of Nigeria. This action underscores the seriousness of the investigation and the government's commitment to upholding accountability and fairness in the financial sector.
As the Special Investigator takes charge of this important responsibility, Nigerians are hopeful that this initiative will pave the way for a more transparent and corruption-free financial system, ultimately benefiting the nation and its citizens.