Emmanuel OchayiThe Federal Government of Nigeria has revealed that the special investigator, Jim Obazee, has completed an extensive audit report on the operations of the Central Bank of Nigeria (CBN).
This highly anticipated report is expected to shed light on the issues that have plagued the CBN and contributed to its recent overhaul.
The announcement was made by the Secretary to the Government of the Federation, George Akume, during a press briefing on Wednesday.
Mr. Akume emphasized that the audit report would provide a comprehensive account of what went wrong within the CBN and the factors that led to the recent revamp of the institution.
Akume credited President Bola Tinubu’s decisive actions in addressing the challenges faced by the CBN, highlighting their positive impact on the capital market. He stated, “Most of these problems confronting us are because of bad governance. The present government has confronted and is confronting these challenges.”
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Further elaborating on President Tinubu’s influence, Akume added, “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.”
The Secretary to the Government of the Federation also disclosed that a new team had been put in place at the CBN, and a special investigator had been diligently scrutinizing the institution’s operations.
He assured the public that the investigator’s findings would be released soon, allowing Nigerians to gain insight into the root causes of the CBN’s challenges and its path forward.
As anticipation builds for the release of the audit report, market observers and the general public eagerly await its revelations, hoping for a clearer understanding of the changes and improvements that lie ahead for Nigeria’s financial sector.
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