Jim Obazee, the investigator from the Central Bank of Nigeria (CBN), has revealed that the government plans to reclaim two banks that were unlawfully sold to the former CBN governor, Godwin Emefiele.
According to Obazee’s findings, Emefiele used intermediaries to acquire Union Bank of Nigeria for Titan Trust Bank Limited and Keystone Bank without any proof of payment.
Obazee presented his investigation report to President Bola Tinubu, stating that Emefiele illicitly deposited billions of naira in public funds in various overseas bank accounts.
Additionally, Emefiele faced allegations of providing an unapproved N22.7 trillion Ways and Means advance to the Federal Government during the tenure of former President Muhammadu Buhari.
President Tinubu appointed Jim Obazee to investigate the CBN following the suspension of Emefiele, who served as the head of the apex bank from June 4, 2014, to June 9, 2023.
Currently, Emefiele is in prison for not meeting bail conditions after being granted bail by Justice Hamza Muazu on November 22 for N1.2 billion procurement charges.
READ ALSO FROM NIGERIAN TRIBUNE
Dr Lukman Emiola is the Director, Human Resources and Administration for the Federal Airport Authority…
In the course of preliminary investigations, the police obtained samples of the suspected food, which…
Comprehensive abortion care, which includes safe abortion care and post-abortive care, is an essential part…
The Conference of Speakers of State Legislatures of Nigeria has rejected the House of Representatives’…
The National Union of Air Transport Employees (NUATE) has warned Turkish Airlines against victimising staff…
The Nigerian Civil Aviation Authority (NCAA) has raised concerns over increasing bird strike incidents at…
This website uses cookies.