A detailed investigation led by special investigator Jim Obazee reveals startling claims against the sacked Central Bank of Nigeria (CBN) Governor, Godwin Emefiele.
The report suggests Emefiele utilized proxies in the acquisition of Union Bank, Keystone Bank, and Polaris Bank, with the late Alhaji Ismaila Isa Funtua also implicated.
The acquisitions, conducted separately, are documented in a report submitted to President Bola Tinubu. The report outlines intricate details of the Union Bank acquisition, revealing Titan Trust Bank as the Special Purpose Vehicle (SPV) and raising questions about the funding and legitimacy of the transactions.
Allegations of proxy use in the Keystone Bank acquisition further compound the controversy, with claims of free acquisition for both Keystone and Polaris Banks. The investigation raises concerns about the integrity of the financial sector and potential consequences for Emefiele and those involved.
