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Tinubu Appoints Convicted Ex-FRC Secretary To Probe CBN, Others

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President Bola Tinubu has assigned Jim Osayande Obazee, a man previously dismissed by his predecessor due to numerous allegations of corruption, abuse of office, federal racketeering, and conviction for sexual harassment, to lead an investigation of the Central Bank of Nigeria and other federal agencies.

 

In a letter dated July 28, the president instructed Mr. Obazee, as a special investigator, to uncover extensive corruption within the nation’s main banker and other institutions suspected of promoting a culture of public graft.

 

The president said Mr Obazee, who was controversially removed from office in 2017 by President Muhammadu Buhari following multiple charges that included fraud and sexual assault of a federal official, should “immediately take steps to ensure the strengthening and probity of key Government Business Entities (GBEs), further block leakages in CBN and related GBEs and provide a comprehensive report on public wealth currently in the hands of corrupt individuals and establishments (whether private or public).”

 

He would operate with “a suitably experienced, competent and capable team and work with relevant security and anti-corruption agencies to deliver on this assignment,” Mr Tinubu added in the letter, noting that he would anticipate updates from Mr Obazee’s team on a weekly basis.

 

This is coming approximately seven weeks after President Bola Tinubu dismissed Godwin Emefiele as the head of the Central Bank of Nigeria (CBN) and detained him.

 

Despite court orders, he appointed Jim Osayande Obazee to lead an essential anti-corruption investigation

 

It seems that President Tinubu may not have thoroughly considered Mr. Obazee’s controversial background before assigning him to this crucial portfolio.

 

In 2013, Mr. Obazee, who was then the executive secretary of the Financial Reporting Council, faced accusations of sexually abusing a federal official named Abimbola Patricia Yakubu and subsequently retaliated against her by terminating her employment with the federal agency.

 

Ms. Abimbola Patricia Yakubu took swift action and filed a lawsuit against the Financial Reporting Council (FRC) for wrongful termination and allegations of covering up sexual assault by its leadership.

 

The case was heard in the Kano Division of the National Industrial Court, where Justice Oyebiola Oyewunmi presided over a lengthy trial.

 

In the ruling on November 24, 2016, Justice Oyewunmi found in favor of Ms. Yakubu and ordered Mr. Jim Osayande Obazee to pay her N5 million in damages.

 

Additionally, the judge ordered the immediate reinstatement of Ms. Yakubu to her former position with full payment of her salaries, including the period she was away from work due to the illegal termination.

 

The court found that Ms Yakubu “suffered unquantifiable mental and psychological trauma, low self-worth and dignity,” from Mr Obazee’s treatment.

 

“I award the sum of N5,000,000.00 against the 2nd defendant for sexually harassing the claimant, discrimination against her, inhuman and executive recklessness of the 2nd defendant, thereby creating a hostile working environment for the claimant and for the violation of her human dignity and self-worth-respect,” the judge ruled.

 

Despite the judgment against him, Mr. Jim Osayande Obazee maintained his innocence regarding all charges.

 

However, it remains unclear whether he pursued an appeal. The special investigator did not respond to a request from Peoples Gazette seeking comments on his background.

 

In addition to the previous sexual assault case, in 2016, Mr. Obazee faced accusations of embezzling public funds from the agency. There were also allegations that he accepted bribes to advocate for a federal takeover of certain banks and the removal of Lamido Sanusi, who was then the CBN governor.

 

In January 2017, Mr. Jim Osayande Obazee was dismissed from his position as the head of the Financial Reporting Council (FRC) by President Muhammadu Buhari.

 

The decision to remove him came after significant controversy surrounding his move to impose strict regulations on churches, mosques, and other faith-based entities across Nigeria.

 

This move was particularly linked to the decision of Enoch Adeboye to step down as the head of the Redeemed Christian Church of God. However, the church denied any involvement in Mr. Obazee’s removal.

 

There was no response from a spokesman for the president regarding how Mr. Obazee was vetted for the position when sought for comments.

 

Mr. Tinubu has faced persistent allegations of corruption and drug dealing throughout his decades-long political career, and he has maintained close relationships with individuals of questionable character.

 

For instance, his chief of staff, Femi Gbajabiamila, was accused of accepting bribes to pass a law in 2021 and had previously faced punishment for misappropriating funds from clients during his legal practice in the United States.

 

Additionally, Abdullahi Ganduje, a key political ally of the president, was caught on video accepting bribes from a public works contractor.

 

While Mr. Tinubu continues to deny corruption allegations, he did acknowledge forfeiting drug money to the U.S. authorities in the 1990s.

 

In a letter to Mr. Obazee, he stated that the decision to appoint a special investigator aligns with his administration’s commitment to eradicating corruption in public service.

 

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Dangote Hosts Kenya’s President Ruto At Refinery

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Kenyan President William Ruto on Friday toured the Dangote Petroleum Refinery and Petrochemicals Complex in Lekki, Lagos, where he was hosted by Dangote Group President and Chief Executive Officer, Aliko Dangote.

The visit comes ahead of the planned September 30 groundbreaking of a proposed 700,000-barrel-per-day refinery in Lamu, Kenya, being developed with Dangote.

ALSO READ: Dangote to Support Two Million Women with Refinery IPO Share Ownership

The Dangote Group had earlier confirmed that Dangote would host Ruto during his visit to the Lagos refinery.

The planned Kenyan refinery is expected to expand refining capacity in East Africa and strengthen petroleum supply in the region.

Ruto had earlier said discussions with Dangote and Africa Finance Corporation CEO Samaila Zubairu focused on financing and final preparations for the project.

Dangote is targeting a combined refining capacity of 2.1 million barrels per day through the planned expansion of the Lekki refinery and the proposed Kenyan facility.

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‘Obi Knows He Is Lying’ — Soludo Camp Releases Documents on ₦363m Workers’ Arrears Payment

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The Anambra State Government has released documents showing the payment of ₦363.381 million as the second tranche of salary arrears owed to former staff, pensioners and next-of-kin of workers of the defunct Anambra State Water Corporation (ANSWC) and Anambra State Environmental Protection Agency (ANSEPA).

The development has intensified the ongoing dispute between Governor Charles Soludo’s administration and former Governor Peter Obi over outstanding workers’ entitlements and the financial obligations allegedly inherited by successive administrations in the state.

Presenting the documents as “Part 3: Evidence that lying is in Peter Obi’s DNA,” the Soludo camp accused the former governor of misleading Nigerians over his record on workers’ entitlements.

ALSO READ: I Won’t Seek Governorship Again, Even If Constitution Is Amended -Peter Obi

“Peter Obi knows we know he’s lying,” the statement said, alleging that the arrears were among workers’ entitlements left unpaid during Obi’s eight years as governor.

According to the documents, the ₦363.381 million payment represents the second tranche provided for under an out-of-court settlement reached between the Anambra State Government and representatives of the affected workers on February 6, 2024.

A memo dated May 22, 2025, and signed by the then Head of Service, Dame Theodora Okwy Igwegbe, mni, requested the release of the second tranche, citing Article 7 of the Terms of Settlement.

The memo stated that ₦363.381 million was due for payment in 2025 under the agreement.

A subsequent Ministry of Finance document dated June 24, 2025, confirmed the release of the funds through Capital Expenditure Release Warrant (CERW) No. 67/2025.

The Soludo administration had earlier paid the first tranche under the settlement, with the government saying the payments were aimed at resolving long-standing salary claims involving workers of the two defunct agencies.

Dispute Over When the Arrears Originated
The latest documents have become central to the political disagreement over whether the outstanding entitlements can properly be attributed to Obi’s administration.

The Soludo camp argues that the continued settlement payments demonstrate that unresolved workers’ liabilities remained after Obi left office in 2014.

Obi’s camp, however, has disputed the characterization. His supporters maintain that his administration inherited substantial salary, pension and gratuity arrears from earlier administrations and cleared billions of naira in outstanding obligations during his tenure.

They have also argued that some of the liabilities involving workers of the defunct agencies originated before Obi became governor in 2006.

The settlement documents establish that the Anambra Government entered into an agreement in 2024 to resolve the outstanding claims and that a second payment of ₦363.381 million was subsequently released.

However, the documents themselves do not conclusively establish that all the underlying arrears were incurred during Obi’s tenure.

 

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Ogun Deep Seaport: Abiodun Thanks Tinubu, Says 30-Year Dream Becoming Reality

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Ogun State Governor, Dapo Abiodun, has expressed appreciation to President Bola Ahmed Tinubu for his support towards the realisation of the Gateway Deep Seaport and Blue Marine Special Economic Zone in the state.

Abiodun described the deep seaport project as a long-standing vision that had been proposed and documented for nearly 30 years but remained unrealised until the intervention of the Tinubu administration.

ALSO READ: FG Preaches Support for Dangote Industrial City, Deep Seaport in Ogun, Ondo States

The governor, in a statement on Friday, acknowledged Tinubu as the “Facilitator-in-Chief” of the transformational project, crediting the President’s leadership and provision of strategic direction for helping to revive the initiative.

According to Abiodun, the vision of establishing a deep seaport along Ogun State’s coastline had been discussed and captured in official documents for decades, but had remained on the drawing board.

“Today, through the foresight, courage and determined leadership of President Tinubu, that long-standing aspiration is finally being transformed into reality,” the governor said.

Abiodun said the Gateway Deep Seaport and the Blue Marine Special Economic Zone would open a new chapter for Ogun State while strengthening Nigeria’s position in global trade, maritime commerce, industrialisation and economic development.

He added that major national projects require political will and leadership capable of turning long-standing plans into tangible development.

The governor also commended the Federal Government for what he described as its unwavering support and commitment towards making the project a reality.
“Posterity will indeed be kind to you, Mr. President,” Abiodun said.

The Gateway Deep Seaport project is expected to form part of Ogun State’s broader strategy to expand maritime infrastructure, attract investment and strengthen industrial and commercial activities along its coastline.

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