A letter from the Chairman of the Special Investigative Committee, Jim Obazee, to the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has surfaced, revealing a request for N2 billion in funds for various purposes. The letter, dated December 22, 2023, outlines the need for funds for surveillance, vetting, security measures, addressing black spots, monitoring hotels, and acquiring vehicles.
Obazee, appointed by President Bola Tinubu in July 2023 to investigate the CBN and related entities, highlighted the importance of the funds for carrying out essential tasks related to his investigative duties. The former chief executive officer of the Financial Reporting Council of Nigeria emphasized the significance of addressing corruption and inefficiencies within the CBN and related entities.
President Tinubu’s appointment letter to Obazee also tasked him with preparing a comprehensive report on public wealth held by corrupt individuals and establishments. This mandate underscores the government’s commitment to rooting out corruption and enhancing transparency in public institutions.
However, concerns have been raised regarding the transparency and accountability of the investigation process. Some officials have questioned the duplication of efforts and the need for additional funds when the apex bank has already allocated resources for similar activities. There are also concerns about the legality and authorization of certain investigative methods, including surveillance and information gathering techniques.
Additionally, there have been accusations of unauthorized tapping of telephone conversations of high-ranking officials, raising ethical and legal questions about privacy rights and abuse of power. The storage of investigation documents in Obazee’s home has also sparked concerns about potential breaches of national security and confidentiality.
The controversy surrounding Obazee’s request for funds and the allegations of misconduct highlight the need for transparency and accountability in investigative processes. The CBN officials are calling for explanations from the committee and clarity on the processes involved in approving such allocations.
Sahara Reporters