Tinubu appoints Jim Obazee as special investigator to probe Emefiele's tenure at CBN

Jim Obazee, a former chief executive officer of the Financial Reporting Council, has been appointed to probe the Central Bank of Nigeria (CBN).

President Bola Tinubu appointed Jim Obazee, as a special investigator to look into the activities of the CBN under the tenure of its suspended Governor, Godwin Emefiele.

Financial Reporting Council is the regulatory agency of the federal government mandated with supervisory role over the financial affairs of the CBN, public and private organisations.

Obazee, the special investigator, was himself fired from his job at the FRC by then President Muhammadu Buhari following a slew of sleaze allegations against him in 2017.

A petition at the EFCC had alleged at the time that Obazee used proxies such as consultants to siphon funds of the FRC.

There was also an allegation that Obazee used N1billion to set up the International Financial Reporting Standards (IFRS) Academy through which monies were siphoned.

It is not clear what has happened to the probe of Obazee, except that now, he will be the one probing Emefiele.