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    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

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    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

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    Senate confirms Taiwo Oyedele as Minister of State for Finance

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    Dangote Refinery Slashes Petrol to ₦1,075/Litre, Diesel to ₦1,430/Litre

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Tinubu appoints special investigator to probe CBN

Sunday, 30 July 2023, 7:35 pm
in News, Nigeria
0
Student Loan Act: How to apply for the loan, all you need to know
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President Bola Tinubu has appointed a special investigator Jim Osayande to probe the Central Bank of Nigeria (CBN) and Related Activities with immediate effect.

This is according a letter signed by Tinubu and addressed to Obazee, the Chief Executive Officer of the Financial Reporting Council of Nigeria (FRCN).

“In accordance with the fundamental objective set forth in Section 15(5) of the Constitution of the Federal Republic of Nigeria 1999 (as amended), this administration is today, continuing the fight against corruption by appointing you as a Special Investigator, to investigate the CBN and Related Entities. This appointment shall be with immediate effect and you are to report directly to my office,” Tinubu’s letter read.

“The full terms of your engagement as Special Investigator shall be communicated to you in due course but, require that you immediately take steps to ensure the strengthening and probity of key Government Business Entities (GBEs), further block leakages in CBN and related GBEs and provide a comprehensive report on public wealth currently in the hands of corrupt individuals and establishments (whether private or public).

“You are to investigate the CBN and related entities using a suitably experienced, competent, and capable team and work with relevant security and anti-corruption agencies to deliver on this assignment. I shall expect a weekly briefing on the progress being made.”

Tinubu also sent Obazee a copy of his order suspending Emefiele as the apex bank chief.

The development is coming just as the suspended apex bank governor Godwin Emefiele is undergoing trial.

Emefiele, who has been in the Department of State Services (DSS) custody since his suspension is facing charges bothering on the illegal possession of firearms and ammunition filed against him by the Federal Government.

He has, pleaded not guilty to the charges.

He was granted bail by a court last week but was rearrested by the DSS.

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

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