Jim Obazee, the Special Central Bank of Nigeria (CBN) Investigator, has invited Babatunde Lemo, the chairman of Titan Trust Bank (TTB).
This summon, according to this report, is in connection with the acquisition of Union Bank of Nigeria Plc by Titan Trust Bank.
The TTB chairman, a former deputy governor of the Central Bank of Nigeria, was directed to report at the Department of Force Intelligence opposite the Force headquarters, Shehu Shagari Way, Abuja on Thursday, December 28 where he is expected to be questioned over the UBN acquisition.
Lemo was further instructed to come along with the promoters of Titan Trust Bank, Messrs Cornelius Vink and Mr Rahul Savara, to meet with the team of special Investigators.
Lemo was invited in a letter dated December 24, 2023, and signed by the Head of Operations, Office of the Special Investigator, DCP Eloho Okpoziakpo.
Obazee had in his report alleged that some persons were used as proxies by a former CBN Governor, Godwin Emefiele, to set up Titan Trust Bank and acquire Union Bank.
Obazee, who was appointed special investigator in July, 2023, submitted his final report tagged, ‘Report of the Special Investigation on CBN and Related Entities (Chargeable offences) to the Presidency on December 20, 2023.
In two separate reports on the acquisition of UBN and Keystone Bank submitted to President Bola Tinubu last Wednesday, the Special Investigator also alleged that Emefiele used proxies to acquire Keystone Bank without evidence of payment.
