The Federal Government is mulling new measures that will strengthen the independence of auditors, including sanctioning of heads of Ministries, Departments and Agencies over their non-response to audit queries. Vice President…

The House of Representatives Committee on Delegated Legislation said the Financial Reporting Council of Nigeria's (FRC) competence will be called into question if President Bola Tinubu’s Special Investigator, Mr Jim Obazee, substantiates…

Jim Obazee, President Bola Tinubu’s Special Investigator, has accused the Central Bank of Nigeria (CBN) Governor Olayemi Cardoso, of deceiving both the President and the National Assembly in presenting the bank’s 2025…

The Senate Committee on Public Accounts has given the external auditors of NNPC Limited one week to provide a detailed breakdown of more than N210 trillion recorded as receivables and payables in the company's audited financial statements.…

Ernst & Young (EY) and KPMG, two of the Big Four accounting firms, have been implicated in alleged malfeasance at the Central Bank of Nigeria (CBN) during Godwin Emefiele’s tenure as governor. This development adds Nigeria to the…

President Bola Tinubu’s Special Investigator, Jim Osayande Obazee, has said that former Central Bank of Nigeria (CBN) governor Godwin Emefiele benefited from the theft of $6.23 million from the CBN’s Abuja branch. Obazee, appointed by…

The Central Bank of Nigeria (CBN) has issued an exposure draft of new guidelines aimed at strengthening oversight of closely linked financial institutions and curbing regulatory arbitrage within the Nigerian financial system. The…

The special investigator for President Bola Tinubu, Jim Obazee, may be unable to testify as the federal government’s key witness in the criminal trials of former CBN governor Godwin Emefiele, reportedly due to the Attorney-General Lateef…

The Senate Public Accounts Committee has issued a fresh three-week deadline to the Nigerian National Petroleum Company Limited (NNPCL) to provide a detailed and documented response to audit queries on the N210 trillion expenses between 2017…

The Senate has raised 11 questions for the Nigerian National Petroleum Company Limited (NNPCL) to clarify within a week on the unaccounted N210 trillion in its audited financial statements from 2017 to 2023. Chairman of the Senate…