Fresh trouble for Emefiele as Tinubu names investigator to probe CBN

Fresh trouble for Emefiele as Tinubu names investigator to probe CBN

President Bola Tinubu has named a Special Investigator to probe the Central Bank of Nigeria (CBN).

This may compound the trouble of the suspended CBN governor, Godwin Emefiele.

Emefiele was just granted bail by a federal high court over alleged possession of arms and ammunition.

President Tinubu in a letter named Jim Osayande Obazee, the Chief Executive Officer, Financial Reporting Council of Nigeria (FRCN), as the investigator.

According to a new report by Daily Trust, the President directed the Special Investigator to probe the CBN and key Government Business Entities (GBEs).

He also said Obazee would report directly to his office.

The letter read in part, “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.”

Emefiele has been in the DSS custody since he was suspended on June 09, 2023.

He was arraigned in court last week and granted bail but the secret police rearrested him.