President Tinubu: Investigative Report On CBN To Be Ready Soon

President Bola Tinubu on Sunday morning disclosed that the report of the Special Investigator on past activities in the Central Bank of Nigeria (CBN) will soon be ready.

President Tinubu made the disclosure in his televised nationwide broadcast, marking the occasion of Nigeria’s 63rd Independence Anniversary.

The President on Sunday, July 30, appointed former Chief Executive Officer of the Financial Reporting Council, Mr Osayande Obaze, as Special Investigator, with tasks to investigate activities of government business enterprises, including the CBN.

Recent unpleasant developments around the CBN’s monetary and fiscal activities, including the recent free slide of the local currency, the Naira, against foreign currencies, especially the Dollar, has prompted calls for the investigation of the apex bank.

However, in his message to Nigerians on Sunday, President Tinubu assured that the investigation was underway and report expected soon.

“I pledged a thorough housecleaning of the den of malfeasance the CBN had become. That housecleaning is well underway. A new leadership for the Central Bank has been constituted.

“Also, my special investigator will soon present his findings on past lapses and how to prevent similar reoccurrences. Henceforth, monetary policy shall be for the benefit of all and not the exclusive province of the powerful and wealthy,” President Tinubu said.