"Tinubu orders probe into operations of Nigeria\u2019s Central Bank"

" Tinubu orders probe into operations of Nigeria\u2019s Central Bank \r\n\r\nNigerian President Bola Tinubu ordered a special investigator probe the central bank\u2019s operations as part of the government\u2019s fight against corruption, according to a letter seen by Bloomberg News.\r\n\r\nTinubu reappointed Jim Obazee as chief executive officer of the Financial Reporting Council of Nigeria and made him the special investigator, according to the letter, which didn\u2019t disclose specific allegations of corruption against the central bank. The letter, signed by Tinubu and dated July 28, ordered Obazee to assemble a team to carry out the task and work with relevant security and anti-corruption agencies. The document was confirmed by senior government officials.\r\n\r\n\u201cThe terms of the engagement as a special investigator shall be communicated to you in due course,\u201d according to the letter. Still, Obazee was ordered to immediately take steps to ensure the strengthening of key government business entities and find out the amount of wealth siphoned by \u201ccorrupt individuals and establishments.\u201d\r\n\r\nTinubu on July 9 suspended former central bank Governor Godwin Emefiele, citing an ongoing investigation of his office and planned reforms in the financial sector of the economy. Emefiele was later arrested by the State Security Service \u2014 which is similar to the US Federal Bureau of Investigation \u2014 and subsequently charged with possessing a single-barreled shotgun and 123 rounds of live ammunition without a license.\r\n\r\nA central bank spokesman didn\u2019t respond to a request for comment about the investigation.\r\n\r\nObazee will report directly to the president\u2019s office and has been asked to give a weekly progress report to Tinubu."

"Tinubu orders probe into operations of Nigeria\u2019s Central Bank"

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