Tag: CBN probe

CBN Probe: Tunde Lemo, other Titan Trust Bank executives shun Tinubus Investigator

Aminu Imam

…As he lacks power to summon them Jim Obazee, President Tinubus man probing the Central Bank of Nigeria CBN), has met resistance from Babatunde Lemo and other C-suite officials of Titan Trust Bank (TTB) Ltd., amid growing concerns about the special investigators authority to summon targets of his probe. Recall that Lemo, Titan Trusts Chairman, and Cornelis Vink, its Chief Executive, had been invited to appear on December 28, 2023, to respond to relevant queries about Titan Trusts questionable acquisition of Union Bank of Nigeria. Obazee said his office determined…

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Suspended CBN Governor, Emefiele, denies allegations of fund mis-appropriation and fraud

Aminu Imam

After being released on bail from Kuje Correctional Centre,the embattled suspended Central Bank if Nigeria (CBN) governor, Godwin Emefiele, has vehemently refuted accusations of embezzling billions and stashing Nigeria’s funds in foreign banks, as reported in social media. Emefiele disputed the credibility of the sources, citing a report by private investigator, Jim Obazee appointed by the President. He asserted that the publications are false, misleading, and designed to tarnish his reputation for Obazee’s personal gain. In the statement, Emefiele said, “After my release on bail from the Kuje Correctional Centre, my…

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