The Fallout: Tinubu Ends Investigation Panel Against Emefiele

The Fallout: Tinubu Ends Investigation Panel Against Emefiele

The Fallout: Tinubu Ends Investigation Panel Against Emefiele

President Bola Tinubu expressed gratitude to Mr. Jim Obazee for his dedicated service as the Special Investigator of the Central Bank of Nigeria (CBN) and related entities.

The investigation has officially concluded following the submission of a comprehensive report and the dismantling of all task-related apparatuses.

The President commended Mr. Obazee for his professionalism in handling this critical national assignment. All appropriate law enforcement and regulatory agencies are now taking follow-up action based on the investigation's findings.

President Tinubu also wished Mr. Obazee success in his future endeavors. Mr. Obazee was appointed by President Tinubu in July to investigate the activities of the apex bank under Emefiele, and the former CBN Governor is now facing charges in court based on the findings of the investigation.

The report presented to the President highlighted various irregularities, including unauthorized funding of offshore bank accounts, fraudulent cash withdrawals from the CBN vault, financial misconduct involving the former governor and his Deputy Governors, substantial fixed deposit holdings, manipulations in the Naira exchange rate, irregularities in the e-Naira project, unapproved printing of new currency denominations, and substantial expenditures on legal fees.

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