FG anticipates soon release of CBN audit report

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CBN delays monetary policy committee meeting again amid inflation surge
CBN delays monetary policy committee meeting again amid inflation surge

The Federal Government has announced that the audit of the Central Bank of Nigeria (CBN) carried out by a special investigator will soon yield a report.

George Akume, the Secretary to the Government of the Federation, made this revelation during a press conference in Abuja in preparation for Nigeria’s 63rd independence anniversary.

Tinubu appoints special investigator

While acknowledging that poor governance has contributed to the nation’s economic challenges, the SGF emphasized that the forthcoming audit report will provide insight into the underlying issues.

It’s worth noting that President Bola Tinubu appointed Jim Obazee, the Chief Executive Officer of the Financial Reporting Council of Nigeria, as the special investigator tasked with probing the CBN and its related entities.

This appointment, made through an official letter, was part of the government’s anti-corruption efforts, with the special investigator reporting directly to the President’s office.

The investigation was initiated under the constitutional mandate outlined in Section 15(5) of the 1999 Constitution of the Federal Republic of Nigeria (as amended).