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The Involved Northern Discussion board has urged President Bola Tinubu to train excessive warning over the report submitted to him by the Central Financial institution of Nigeria (CBN)’s non-public investigator, Jim Obazee.
The discussion board described the investigation by Obazee carried out to examine the actions of the nation’s apex financial institution underneath its suspended Governor, Godwin Emefiele as one-sided and partial, noting that a few of Obazee’s suggestions are deadly to the financial wellbeing of Nigeria.
Obazee who was appointed particular investigator in July 2023, submitted his remaining report tagged, ‘Report of the Particular Investigation on CBN and Associated Entities (Chargeable offences) to the Presidency on December 20, 2023.
Within the report, he revealed that the previous CBN governor illegally lodged billions of naira in foreign currency in no fewer than 593 financial institution accounts in america, United Kingdom, and China with out the approval of the apex financial institution’s board of administrators and the CBN Funding Committee.
The non-public investigator additionally alleged that some individuals have been used as proxies by Emefiele to arrange Titan Belief Financial institution and purchase Union Financial institution.
However the northern group in an announcement, Tuesday by its chairman, Aliyu Muhammad stated the President should commerce with a excessive degree of warning, saying he (the president) is perhaps blindfolded and strolling in a discipline filled with buried land mines.
Muhammad alleged that Obazee himself was not certified to steer any particular investigation most particularly one which has to do with finance given his antecedents.
He stated: “The person employed by President Tinubu is on the coronary heart of scandals that concerned siphoning and squandering of billions of naira whereas he was the Chief Govt Officer (CEO) of the Monetary Reporting Council of Nigeria (FRC), awarding and procurement of contracts to self utilizing proxies, racketeering, buying luxurious properties value billions each at residence and overseas that his wage may by no means justify and in addition accused of sexual harassment.
“A recognized and tagged man of controversies, with so many soiled cuts on his character and monetary information shouldn’t be the person for such a job. Obazee’s professionalism, patriotism and loyalty are all questioned, his priorities are his monetary good points or private scores he got down to settle. Jim Obazee needs to be investigated and never the opposite manner spherical.
“Until the President is desirous about his experience of private witch hunt and controversies which might be able to inciting chaos, Jim Obazee has no enterprise investigating the CBN or another monetary establishment for that matter. Mr President ought to heed to the motion of firing Jim Obazee by his Predecessor, former President Muhammadu Buhari who is thought to despise and combat corruption.
“Sure, CBN needs to be probed and investigated, however not by a person with questionable character, integrity and a tone of corruption circumstances, graft and misuse of public funds himself.
“Due to this fact, President Bola Tinubu should not use this report, its foundation are as compromised because the writer of the report. It’s one sided, partial and a few of it’s suggestions are deadly to the financial wellbeing of Nigeria.”
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