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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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Fear Grips Oyo Community as Gunmen Kidnap 60-Year-Old Trader

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Panic has spread through Monatan community in Lagelu Local Government Area of Oyo State following the abduction of a 60-year-old building materials trader by suspected armed men.

The incident occurred on Saturday night along the Jinarere axis of Alakia Road in Ibadan when the victim was intercepted by four masked gunmen while returning home at about 8:47 pm.

The attackers reportedly operated in an unregistered ash-coloured Toyota Corolla before forcefully whisking the victim away to an unknown destination.

ALSO READHorror in Kogi: Gunmen Abduct 24 Pupils in Orphanage Raid, 15 Rescued

Confirming the incident, the spokesperson for the state police command, Olayinka Ayanlade, said the matter was reported on May 2, 2026, and that security operatives had already begun rescue efforts.

He stated: “I can confirm that there was a case of abduction reported on May 2, 2026, at about 2047hrs from the Monatan area of Ibadan. Preliminary information reveals that the victim, a 60-year-old male building materials trader, was accosted while returning home along the Jinarere axis of Alakia Road by four masked armed men, who forcefully whisked him away in an unregistered ash-coloured Toyota Corolla vehicle. Upon receipt of the report, police operatives swiftly visited the scene and activated necessary operational measures aimed at rescuing the victim and apprehending the perpetrators.”

Residents of the area have expressed fear over rising insecurity, urging authorities to intensify surveillance and prevent further attacks.

Security agencies assured that efforts are ongoing to rescue the victim and arrest those responsible.

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FG Blasts South Africa Over Attacks on Nigerians, Summons Diplomat

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The Federal Government of Nigeria has strongly condemned the rising wave of attacks on its citizens in South Africa, summoning the country’s top diplomat in Abuja over what it described as persistent xenophobic violence.

The move follows recent incidents in which Nigerians were reportedly targeted, including the killing of one citizen and injuries sustained by others in separate attacks by unidentified gunmen.

The government said the pattern of violence has become alarming and unacceptable.

SEE ALSO: HURIWA Saddened at 131% Surge in Air Peace, United Nigeria Airfares to Southeast

Spokesperson for the Ministry of Foreign Affairs, Kimiebi Imomotimi Ebienfa, confirmed that South Africa’s acting high commissioner has been invited for urgent discussions.

According to him, the meeting will address “documented cases of maltreatment of Nigerian citizens and attacks on their businesses.”

Nigeria’s action comes amid growing continental concern over the safety of foreign nationals in South Africa, where repeated outbreaks of xenophobic violence have been recorded over the years.

Similarly, Ghana recently summoned South Africa’s envoy in Accra following reports of harassment and intimidation of its citizens.

Ghana’s Foreign Minister, Samuel Okudzeto Ablakwa, disclosed that a Ghanaian resident was confronted and asked to leave South Africa in a recent incident, heightening fears among migrants.

South Africa remains one of Africa’s top destinations for migrants due to its relatively advanced economy.

However, high unemployment and economic challenges have often fueled resentment against foreigners, leading to periodic violence.

Reacting to the development, South Africa’s acting police minister, Firoz Cachalia, condemned the attacks, stating that such actions are unlawful and contrary to the country’s constitutional values.

He assured that security agencies have been directed to act decisively against perpetrators, emphasizing that xenophobia, violence, and intimidation will not be tolerated.

The Nigerian government has reiterated its commitment to protecting its citizens abroad, warning that it will continue to engage diplomatically until the safety and rights of Nigerians in South Africa are fully guaranteed.

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Minimum Wage Can’t Sustain Life Anymore — Peter Obi

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Peter Obi Condemns Incessant Killing Plaguing The Country, Calls For Action

Former presidential candidate, Peter Obi, has said that Nigeria’s current minimum wage can no longer sustain a decent standard of living, as worsening economic realities continue to weigh heavily on citizens.

Obi made this known in a statement released on Friday to commemorate International Workers’ Day, where he highlighted the growing hardship faced by Nigerian workers amid rising inflation and the increasing cost of living.

SEE ALSO: Political Earthquake Brewing? Peter Obi, Bala Mohammed in Closed-Door Talks

According to him, the value of wages has been significantly eroded by soaring food prices, transportation costs, and general economic instability, leaving many workers struggling to survive despite being employed.

He stressed that it is unfair that citizens who contribute daily to the nation’s development are unable to meet their basic needs, noting that the dignity of labour is gradually being undermined.

“The minimum wage today cannot guarantee even the most modest standard of living,” Obi said, warning that the situation could further worsen if urgent steps are not taken.

The former Anambra State governor called for immediate wage adjustments and comprehensive economic reforms aimed at improving the welfare of workers and stabilising the economy.

Obi also emphasised the importance of investing in human capital, stating that no country can achieve meaningful growth without a productive and well-supported workforce.

He urged Nigerian workers to actively participate in the democratic process by supporting credible and competent leadership that prioritises the well-being of citizens.

Obi concluded by calling for a fairer society built on justice, equity, and respect for labour, adding that empowering workers remains key to national prosperity.

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