ChatNews TV has exclusively obtained a leaked memo written by President Bola Ahmed Tinubu on November 29, 2023. In the memo, the President directed the Jim Obazee-led committee to conclude their investigation into the activities of the Central Bank of Nigeria (CBN) and submit their final report on or before Friday, December 1, 2023.
President Tinubu had appointed Obazee as a Special Investigator in July 2023, as part of his administration’s anti-corruption fight. The appointment was made in accordance with the fundamental objective outlined in Section 15(5) of the Nigerian constitution. Obazee was also mandated to report directly to the President.
Despite the committee’s disbandment, Nigerian media reported that Obazee has continued its duties, seemingly in an unconstitutional manner, well beyond the specified date for concluding its work.
In the letter titled ‘Expeditious conclusion of the Special Investigation into the Operations of the Central Bank of Nigeria’, President Tinubu stated:
“Sequel to your appointment in July 2023, as Special Investigator to investigate the Central Bank of Nigeria and Related Entities, I have taken note of your efforts and appreciate your dedication. I am confident in the impartiality and thoroughness of your investigation. I thank you for upholding the principles that underpin our nation’s financial system. However, there is need to conclude this investigation expeditiously to enable the leadership of the Central Bank carry on its vibrant reforms.”
He further emphasized that the findings of the inquiry will contribute to immediate corrective actions and provide invaluable insights for enhancing the Bank’s operations and corporate governance. He concluded by expressing his trust that the conclusion of this investigation will pave the way for a robust and effective Central Bank, aligning with their shared vision for economic stability and growth.
