April 15, 2024

Tinubu reviews shocking Obazee report, as investigator ‘allegedly’ exposes massive corruption scandal in NNPCL

President Bola Tinubu

Oredola Adeola


The Federal Government is gearing up to reveal the findings of a special investigator’s audit report on some of Nigeria’s key government business entities, including the Central Bank of Nigeria (CBN) and the Nigerian National Petroleum Corporation (NNPC) Limited.


George Akume, Secretary to the Government of the Federation, made this known on Monday in a while fielding question during the Nigeria’s 63rd Independence briefing in Abuja.


He disclosed that the Jim Obazee’s Special Investigator audit report is expected to shed light on the financial activities of these entities and reveal some of the financial discrepancies that may have brought the country to the present predicament.


The SGF revealed that the investigator would report directly to the office of President Bola Tinubu, and hen d revealed to the general public about how poor governance brought Nigeria to the present predicament.


He said, “Most of these problems confronting us are due to bad governance. The present government has confronted and is confronting these challenges.


President Tinubu appointed Jim Obazee as a Special Investigator to investigate the Central Bank of Nigeria (CBN) and other key Government Business Entities (GBEs) in a letter dated July 28, 2023.


The letter stated that the investigation was in accordance with the fundamental objective set forth in Section 15(5) of the Constitution of the Federal Republic of Nigeria 1999 (as amended), and that the administration was continuing the fight against corruption. The special investigator was required to report directly to the president and provide a comprehensive report on the investigation.


A source within the presidency informed EnergyDay that a report submitted by Jim Obazee, the Special Investigator, to the President led to a recent shakeup at the Nigerian National Petroleum Company (NNPC) Limited, prompting an internal cleansing at the national oil company. 


The shakeup, it would be recalled resulted in the dismissal of top executives and some low-ranking officers, as NNPC begins repositioning the national oil company for serious business to achieve strategic business objectives. 


According to the source, the report is likely to justify the reason why the current NNPC GCEO should be investigated and replaced, even against the interest of the power that be.



He claimed that the Obazee’s report contain damning evidence of corruption and mismanagement in NNPC, adding that the President is said to be taking the matter very seriously.