Emefiele printed his own Naira, ignored Buhari-approved design, says ex-CBN director

Emefiele printed his own Naira, ignored Buhari-approved design, says ex-CBN director

A former Central Bank of Nigeria (CBN), Director of Currency Operations, Ahmed Umar, has disclosed that the immediate past governor of the apex bank, Godwin Emefiele, printed his own design of the naira.

Umar said this on Tuesday while giving evidence at a Maitama High Court in the Federal Capital Territory, Abuja.

He said the features in the design approved by former President Muhammadu Buhari were different from the one Emefiele ordered to be printed.

The Economic and Financial Crimes Commission (EFCC) on May 15 arraigned Emefiele on four counts of abuse of office 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.

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Speaking at the court on Tuesday, Umar said, “The design approved by the President had a QR code, which the currency in circulation does not have.

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.”

Emefiele printed his own Naira, ignored Buhari-approved design, says ex-CBN director