Gbajabiamila was purportedly identified as a recipient of the widespread corruption that was exposed during the tenure of Ahmed Kuru, the CEO of Assets Management Corporation of Nigeria (AMCON), and Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN).
The CBN Special Investigator Jim Obazee’s report revealed how Gbajabiamila reportedly benefited from Kuru’s “largesse of Ikoyi properties from his days as Speaker of the House of Representatives,” a source in the presidency informed SaharaReporters.
After roughly nine years, the source stated that Gbajabiamila had guaranteed Kuru’s continued position as AMCON’s chief executive.
The President’s Chief of Staff, Hon. Femi Gbajabiamila, has benefited from Ahmed Kuru’s abundance of Ikoyi properties since his days as Speaker of the House of Representatives, and other political allies whom Kuru has tarnished their white robes, according to the source.
“Kuru’s removal as AMCON’s Chief Executive after about nine years in office, over two terms of a democratically elected President,” the source stated, “had been persistently blocked by Gbajabiamila.”
Remember that the Special Investigator’s report on the Emefiele investigation revealed the startling amounts of public cash used by AMCON, led by Kuru, and Emefiele to fraudulently acquire Polaris, Keystone, and Union banks?
The Titan Trust Bank, Union Bank, Polaris Bank, and Keystone Bank boards and management were disbanded by the Central Bank of Nigeria (CBN) in response to the findings.
This came after Jim Obazee, the Special Investigator on the Central Bank of Nigeria and Related Entities, delivered a report to President Bola Tinubu.
The CBN Governor, Yemi Cardoso Obazee, and the boards of the four banks—including the investors in Titan Trust Bank—met and decided to dissolve the boards, according to reports. The investors had earlier declined to meet with the Special Investigator.
The platform revealed in December 2023 that Rahul Savara, Tunde Lemo, Cornelius Vink, and the Special Investigator’s office had demanded that the Chairman of Titan Trust Bank (TTB) come before it over the acquisition of the Union Bank of Nigeria.
Independent financial investigations found that Ahmed Kuru blackmailed all government officials who had benefited from his generosity by pooling properties in Ikoyi and Abuja, throwing everyone else under the bus to save his own neck.A forensic observer pointed out that questions were raised about whether Kuru’s actions were intentional as a result of a plea agreement in the special investigator’s report, which did not indict him.