The Federal Government on Monday admitted that most of the problems confronting Nigeria were caused by bad governance from the nation’s leadership.
The government however scored the administration of President Bola Tinubu high for his sound decision on the Central Bank of Nigeria, saying the report of audit by a special investigator would be out soon.
President Tinubu had in a letter dated July 28, 2023, named the Chief Executive Officer of the Financial Reporting Council of Nigeria, Jim Obazee, as the special investigator for the CBN.
The President asked the Special Investigator to investigate CBN and key Government Business Entities, adding that the investigator would report directly to the President’s office.
The letter read, “In accordance with the fundamental objective set forth in Section 15(5) of the Constitution of the Federal Republic of Nigeria 1999 (as amended), this administration is, today, continuing the fight against corruption by appointing you as a Special Investigator, to investigate the CBN and Related Entities. This appointment shall be with immediate effect and you are to report directly to my office.”
But answering questions from journalists during a press conference in Abuja on the 63rd independence anniversary of Nigeria, the Secretary to the Government of the Federation and former Governor of Benue State, George Akume, said Nigerians would know what really went wrong and what brought the country to its present situation.
He said, “Most of these problems confronting us are because of bad governance. The present government has confronted and is confronting these challenges. When President Bola Tinubu came on board, he made a very sound decision at the CBN. That singular act led to the massive improvement in the capital market, as experts have told us, it is something that can never happen in the past 15 years.
“We have a new team at the CBN and a special investigator has been in the CBN for sometime now and his result will soon be released and Nigerians will know what really went wrong and what brought us to where we are today.”
According to him, no world leader had been invited for the 63rd independence anniversary of Nigeria scheduled for October 1, saying the decision was taken in line with its option for a low-key celebration.
He noted, “Low key celebration has nothing to do with whether we’re not doing well. Economic times are hard, we are looking at it not just at the national level but also as a family. We have not invited world leaders. During the inauguration of the President, 53 world leaders were invited, so we have not invited any world leader.
“As you are aware, the President has given his approval for this 63rd anniversary to be low-key in line with the present economic realities. The theme of the anniversary is “Nigeria @ 63, Renewed Hope for Unity & Prosperity.”