Nigeria set to takeover Emefiele’s acquired banks – Official

The disclosure comes from a report by special investigator Jim Obazee, appointed by President Bola Tinubu to scrutinise activities of the apex bank under Emefiele.

The inquiry sheds light on Emefiele’s alleged acquisition of Union Bank of Nigeria and Keystone Bank through proxies using “ill-gotten wealth” and “without evidence of payment,” as outlined in Obazee’s report.

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