On Monday, the administration of President Bola Tinubu declared that Nigerians will soon learn what went wrong at the Central Bank of Nigeria (CBN) and how it harmed the country’s economy.
The Federal Government disclosed this while announcing that the apex bank’s audit report would be available soon.
The majority of Nigeria’s issues, according to the Federal Government, are the result of poor leadership on the part of the country’s leaders.
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President Tinubu’s choice to audit the Central Bank of Nigeria was praised by the administration.
Recall that Jim Obazee, the Chief Executive Officer of the Financial Reporting Council of Nigeria, was nominated as the special investigator for the CBN by President Tinubu in a letter dated July 28, 2023.
The Special Investigator will directly report to the President’s office, the President instructed the Special Investigator to look into CBN and other significant Government Business Entities.
The letter read, “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.”
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The Secretary to the Government of the Federation, George Akume while addressing newsmen on the 63rd independence anniversary of Nigeria said Nigerians would know what went wrong and what brought the country to its present situation.
He said, “Most of these problems confronting us are because of bad governance. The present government has confronted and is confronting these challenges. When President Bola Tinubu came on board, he made a very sound decision at the CBN. That singular act led to a massive improvement in the capital market, as experts have told us, it is something that can never happen in the past 15 years.
“We have a new team at the CBN and a special investigator has been in the CBN for some time now and his result will soon be released and Nigerians will know what really went wrong and what brought us to where we are today.”
He said that no international leaders had been invited to Nigeria’s 63rd anniversary of independence on October 1 because the country preferred a low-key commemoration.
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He noted, “Low-key celebration has nothing to do with whether we’re not doing well. Economic times are hard, we are looking at it not just at the national level but also as a family. We have not invited world leaders. During the inauguration of the President, 53 world leaders were invited, so we have not invited any world leaders.
“As you are aware, the President has given his approval for this 63rd anniversary to be low-key in line with the present economic realities. The theme of the anniversary is “Nigeria @ 63, Renewed Hope for Unity & Prosperity.”
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