Crime
President Tinubu Employs Special Investigator to Probe CBN.
In a decisive move to combat corruption, President Bola Tinubu has appointed Jim Osayande as a Special Investigator tasked with probing the Central Bank of Nigeria (CBN) and its affiliated entities.
This move aligns with the constitutional mandate of addressing corruption, as stated in Section 15(5) of the Constitution of the Federal Republic of Nigeria 1999 (as amended).
A letter signed by President Tinubu and addressed to Obazee, the Chief Executive Officer of the Financial Reporting Council of Nigeria (FRCN), announced the appointment of the Special Investigator.
The letter emphasized the task’s urgency and directed the investigator to immediately report directly to the President’s office.
While the full terms of the engagement will be communicated in due course, the primary objectives of the investigation are clear.
The appointed investigator is charged with ensuring the integrity and transparency of crucial Government Business Entities (GBEs), curbing leakages within the CBN and related GBEs, and providing a comprehensive report on the extent of public wealth under the control of corrupt individuals and establishments, whether in the private or public sector.
President Tinubu Employs Special Investigator to Probe CBN.
The President’s directive mandates the investigator to assemble a competent and experienced team and collaborate with relevant security and anti-corruption agencies to carry out the probe effectively. Additionally, President Tinubu expects weekly briefings on the progress made in the investigation.
In a parallel development, President Tinubu suspended Godwin Emefiele, the incumbent chief of the apex bank, amid ongoing trial proceedings.
Emefiele has been in the Department of State Services (DSS) custody since his suspension, following charges related to the illegal possession of firearms and ammunition, which were filed against him by the Federal Government. Emefiele maintains his plea of not guilty to the charges.
As the nation awaits the outcome of this high-stakes investigation, the focus remains on uncovering potential corruption within the CBN and associated entities, ensuring accountability, and safeguarding public resources.
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