….. says decision on CBN Resulted in Capital Market Improvement.
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The Federal Government says the audit report of the Central Bank of Nigeria CBN will soon be ready..
The Secretary to the Government of the Federation, George Akume who disclosed this while addressing journalists on the 63rd independence anniversary of Nigeria said Nigerians would know why Nigeria is in its present state.
“Most of these problems confronting us are because of bad governance. The present government has confronted and is confronting these challenges. 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.
“We have a new team at the CBN and a special investigator has been in the CBN for some time now and his result will soon be released and Nigerians will know what really went wrong and what brought us to where we are today.”
President Tinubu had in a letter dated July 28, 2023, appointed Jim Obazee,the Chief Executive Officer of the Financial Reporting Council of Nigeria, as the Special Investigator for the CBN.
Obazee was mandated to investigate the CBN and key Government Business Entities, and report directly to the President’s office.
“In accordance with the fundamental objective set forth in Section 15(5) of the Constitution of the Federal Republic of Nigeria 1999 (as amended), this administration is, today, continuing the fight against corruption by appointing you as a Special Investigator, to investigate the CBN and Related Entities. This appointment shall be with immediate effect and you are to report directly to my office.”the letter read.
On arrangements for the 63rd Independence anniversary on October 1,Akume said celebration would not be elaborate.
He stated that, in line with the low-key celebration,no world leader had been invited for the anniversary.
The decision he said was due to the current economic challenges in the country .
“Low-key celebration has nothing to do with whether we’re not doing well. Economic times are hard, we are looking at it not just at the national level but also as a family. We have not invited world leaders. During the inauguration of the President, 53 world leaders were invited, so we have not invited any world leaders.
“As you are aware, the President has given his approval for this 63rd anniversary to be low-key in line with the present economic realities. The theme of the anniversary is “Nigeria @ 63, Renewed Hope for Unity & Prosperity.”
