Naira Redesign: Ex-CBN Director Reveals How Emefiele Ignored Design Approved By Buhari

A former Central Bank of Nigeria, CBN, Director of Currency Operations, Ahmed Umar, has revealed how the immediate past governor, Godwin Emefiele ignored the design approved by former President, Muhammadu Buhari and printed his own design of the naira.

Umar revealed this while giving evidence at the Federal Capital Territory, FCT, High Court sitting in Maitama.

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The former CBN director said the features in the design approved by Buhari was different from the one 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.”

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He also testified that the printing of the redesigned currency was carried out in Nigeria by the Nigerian Security Printing and Minting Company.

It would be recalled that the Economic and Financial Crimes Commission, EFCC, had on May 15, arraigned Emefiele on a four-count charge before Justice Maryanne Anenih of the FCT High Court.

Emefiele however denied the charge and was admitted to bail in the sum of N300 million.