FIJ
On Sunday, President Bola Ahmed Tinubu appointed Jim Obazee, former Chief Executive Officer of the Financial Reporting Council of Nigeria (FRC), as a special investigator charged with probing the activities of the Central Bank of Nigeria (CBN).
Obazee, who is to assume office with immediate effect, is expected to report his findings directly to the Office of the President.
Born on March 28, 1965, in Edo State, Obazee holds a bachelor’s degree in accounting from the University of Benin, and a master’s degree in accounting from the University of Lagos. He also has a certification in strategic financial analysis for business evaluation from Harvard University, United States of America.
Before his latest appointment, Obazee served as FRC’s chief executive between 2010 and 2017.
Under Obazee in February 2014, the FRC recommended that Sanusi Lamido Sanusi, a former Governor of th Central Bank Nigeria (CBN), be sacked.
Before Sanusi’s sack however, the former CBN governor had alleged that billions of dollars accruable to the federation were being diverted by some persons in the management of the then Nigerian National Petroleum Corporation (NNPC) during the administration of former President Goodluck Jonathan.
After Sanusi’s comments, Obazee’s FRC accused him of financial recklessness and recommended that he be asked to step aside, a recommendation that was upheld by Jonathan.
