Tinubu Disbands CBN Probe As Special Investigator, Obaze Concludes Task
President Bola Ahmed Tinubu on Friday, April 5, 2024, announced the conclusion of the assignment and the submission of a final comprehensive report by the Special Investigator of the Central Bank of Nigeria (CBN) and other related entities, Mr Jim Obaze.
While thanking the former Chief Executive Officer of the Financial Reporting Council of Nigeria (FRC), for his services upon his appointment on July 28, 2023, President Tinubu commended Obaze for the dedication and professionalism he exercised in handling the complexities of the critical national assignment.
The President therefore said that after the conclusion of the assignment and the submission of a final comprehensive report, and with the winding up of all apparatuses used during the scope of the task which terminated on March 31, 2024, the investigation is formally closed.
Tinubu said that all appropriate law enforcement and regulatory agencies are already conducting follow-up action and particularly thanked Obazee for answering the call of duty and thus wished him success in his future endeavours.
Forefront News recalls that on 28th July 2023, President Bola Tinubu designated Obazee as a Special Investigator to scrutinise the operations of the CBN and associated bodies.
According to the President, Obazee’s appointment was based on the fundamental aim outlined in Section 15(5) of the Nigerian constitution, in line with the nation’s anti-corruption campaign.
Consequently, Obazee, who served as the Chief Executive Officer of the Financial Reporting Council of Nigeria (FRCN) between 2011 and 2017, was mandated to take prompt measures aimed at enhancing the integrity and transparency of crucial Government Business Entities (GBEs) and prevent financial leakages in the CBN and related GBEs.
He also had the mandate to produce a comprehensive report detailing the extent of public funds currently held by corrupt individuals and entities, whether private or public.
