CBN Investigator summons Tunde Lemo, two others over controversial acquisition of Union Bank

The Special Investigator probing the Central Bank of Nigeria, Jim Obazee, has summoned the Chairman of Titan Trust Bank (TTB), Tunde Lemo, and two other shareholders of the bank to a “follow-up meeting” in Abuja on Thursday over the controversial 2022 acquisition of Union Bank of Nigeria.

The Special Investigator issued the summons hours after Mr Lemo, a former deputy governor of the CBN, faulted his findings on the issue.

Mr Obazee, in a report he submitted to President Bola Tinubu on 20 December, had said the former governor of Central Bank of Nigeria (CBN), Godwin Emefiele, used “ill-gotten wealth” to establish TTB and used it to acquire Union Bank and Keystone Bank through some persons serving as his proxies.