Tinubu names Jim Obazee special investigator to probe CBN

Bola Tinubu

President Bola Tinubu has appointed Jim Obazee a special investigator to probe the Central Bank of Nigeria (CBN).

This is coming weeks after CBN governor Godwin Emefiele was suspended and arrested. Mr Emefiele is being tried in Lagos for alleged unlawful possession of arms and ammunition.

Obazee is the chief executive officer of the Financial Reporting Council of Nigeria.

In a letter dated July 28, 2023, Tinubu asked the special investigator to investigate CBN and key government business entities, adding that the investigator would report directly to him.

The letter read, “In accordance with the fundamental objective set forth 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.


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“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, further block leakages in the 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.”