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Home»News»‘How Emefiele printed ‘his own Naira’, ignored Buhari’s approved design’
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‘How Emefiele printed ‘his own Naira’, ignored Buhari’s approved design’

Daily News HubBy Daily News HubJune 11, 2024No Comments
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. Former CBN currency operations director tells court ‘features in ex-president’s design different from what Emefiele ordered printed’

Samuel Adesola, Abuja

Former Central Bank of Nigeria Director of Currency Operations, Ahmed Umar, on Tuesday, revealed that the immediate past governor of the apex bank, Godwin Emefiele, printed his own design of the Naira.

Umar made this revelation while giving evidence at the Federal Capital Territory High Court sitting in Maitama.

According to the ex-CBN director of currency operations, the features in the design approved by former President Muhammadu Buhari was totally different from the one Emefiele eventually ordered to be printed.

Umar said, “The design approved by the President had a QR code, which the currency in circulation does not. The positioning of the portrait was on the right side, that printed by the CBN was on the left and the number scheme approved by the President is different from what the CBN produced.”

On May 15, 2024, the anti-graft agency, Economic and Financial Crimes Commission, had arraigned the former CBN governor on a four-count charge before Justice Maryanne Anenih of the FCT High Court.

But Emefiele denied the charge.

The court then granted him bail in the sum of N300 million.

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