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Ex-CBN director accuses Emefiele of disregarding approved naira design

A former Director of Currency Operations at the Central Bank of Nigeria, CBN, Ahmed Umar, has claims that the immediate past governor, Godwin Emefiele, printed his own design of the naira...READ THE FULL STORY HERE▶▶▶

Umar made this known while giving evidence at the Federal Capital Territory (FCT), High Court sitting in Maitama.

The former CBN director detailed the discrepancies between the approved naira features and those of the currency that entered circulation.

He added that what former President Muhammadu Buhari approved was different from what Emefiele 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, the Economic and Financial Crimes Commission (EFCC), arraigned Emefiele on a four-count charge before Justice Maryanne Anenih of the FCT High Court.

Despite the serious allegations, Emefiele denied the charges and was released on a bail set at N300 million...ĊONTINUE.THE FULL R£ĄÐING.>’.

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