The federal government will soon make public the audit report of the probe of the Central Bank of Nigeria (CBN), according to Secretary to the Government of the Federation (SGF), George Akume.
Speaking at a press briefing in Abuja, Akume said the impending release of the report will expose how poor governance brought Nigeria to its current economic challenges.
President Bola Tinubu had in July appointed a former Financial Reporting Council CEO, Jim Obazee, as Special Investigator to probe the CBN and key government business entities.
Akume disclosed that Obazee has submitted an interim report directly to the Presidency over a week ago.
The SGF said the preliminary findings aim to guide the President in taking decisive actions to move the country forward.
Sources suggest the interim report has already informed leadership changes at the CBN last week.
Akume noted the final report will enable Nigerians to understand what went wrong and the root causes of the present economic situation.
Tinubu’s directive in July asked Obazee to uncover any government funds in private hands through the CBN probe.
The investigation is reportedly faulting CBN’s recently released audited accounts from 2016 to 2022.
Consequently, the CBN may be directed to withdraw the financial reports deemed compromised by the probe.
The disclosure of an impending release of the audit report signals accountability for past financial mismanagement.
According to the SGF, the report will expose lapses that led Nigeria into its current economic woes.