PUNCH
Former Governor of the Central Bank of Nigeria, Godwin Emefiele, and his ex-deputies approved for themselves an upward review of their salaries without presidential approval.
The CBN Special Investigator, Jim Obazee, who disclosed this in his report to President Bola Tinubu, said the former CBN governor and his deputies decided at the 758th meeting of the Committee of Governors held on September 14, 2022.
The investigation report asserted that the review was not approved by President Muhammadu Buhari and the Revenue Mobilisation Allocation and Fiscal Commission, the agency that oversees the disbursement of funds from the Federal Account.
Tinubu had in a letter dated July 28, 2023, named a former Executive Secretary of the Financial Reporting Council of Nigeria, Obazee, as the CBN special investigator.
The PUNCH had on Friday reported that Emefiele, allegedly lodged public funds in no fewer than 593 bank accounts in the United States, United Kingdom, and China without the approval of the apex bank’s board of directors and the CBN Investment Committee.
