Special investigator on CBN’s probe will release findings – Tinubu


*Expands cash transfer to 15 million households

By Mathew Dadiya

President Bola Tinubu, Sunday disclosed that in fulfilment of his pledge for a thorough housecleaning of the den of malfeasance at the Central Bank of Nigeria (CBN), the “housecleaning” is well underway as the special investigator will present the result of the probe.

Recall on July 30, President Tinubu announced the appointment Jim Obazee as a Special Investigator to probe the activities of the CBN and other related entities after the arrest of the apex bank governor, Godwin Emefiele my the Department of State Security.

The president said a new leadership for the Central Bank has been constituted.

He revealed this during his nationwide broadcast on the 63rd Independence Day Anniversary on Sunday in Abuja.

“My special investigator will soon present his findings on past lapses and how to prevent similar re occurrences in the central bank.”

“Henceforth, monetary policy shall be for the benefit of all and not the exclusive province of the powerful and wealthy.

“Wise tax policy is essential to economic fairness and development.

“I have inaugurated a Committee on Tax Reforms to improve the efficiency of tax administration in the country and address fiscal policies that are unfair or hinder the business environment and slow our growth,” the president explained.

He said his administration, in an effort to boost employment and urban incomes, they were providing investment funding for enterprises with great potential.

According to him, we are increasing investment in micro, small, and medium-sized enterprises.

Commencing this October, the social safety net is being extended through the expansion of cash transfer programs to an additional 15 million vulnerable households.

It could be recalled that on July 30, Tinubu, in a letter dated 28 July, said the appointment of Mr Obazee, relies on the fundamental objective set forth in Section 15(5) of the Nigerian constitution, was in furtherance of his administration’s anti-corruption fight.

Obazee was the chief executive officer of the Financial Reporting Council of Nigeria (FRCN) before he was fired in 2017.