FG Ask To Seize Union, Keystone As Ex- CBN Governor Exposed On Using Proxies To Acquire Banks

Jim Obazee, the investigator appointed by President Bola Ahmed Tinubu to investigate the affairs of the Central Bank of Nigeria (CBN), has said the government is on the brink of reclaiming two banks allegedly sold illegally to former CBN governor, Godwin Emefiele.

According to Obazee’s findings, Emefiele utilised proxies to acquire Union Bank of Nigeria for Titan Trust Bank Limited and Keystone Bank, with no evidence of payment.

The investigator submitted detailed reports on the acquisition of Union Bank and Keystone Bank to President Tinubu on Wednesday in two separate letters dated December 20, 2023.

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This revelation follows Obazee’s prior discoveries that Emefiele purportedly stashed billions of naira in public funds across 593 bank accounts in the United States, United Kingdom, and China without approval from the apex bank’s board of directors and the CBN Investment Committee.

Read more on Daily Post:https://dailypostngr.com/2023/12/fg-will-recover-two-banks-illegally-sold-to-emefiele-cbn-investigator/