Tropical General Investment Group, the majority owner of Titan Trust and Union Banks has kicked against the report of the special investigation into the activities of the CBN and other related entities by the Special Investigator, Jim Obazee pertaining to the acquisition of the latter by the former.
According to the final report of the special investigation submitted to President Bola Tinubu on Wednesday, the immediate past Governor of the CBN, Godwin Emefiele was accused of using ill-gotten wealth to acquire Union Bank and Keystone Bank through proxies.
Reacting to this, TGI denied any wrongdoing while lamenting that the purported investigative report recommending the takeover of the banks by the Federal Government portrayed Nigeria negatively.
