News | Events | Digital PR | Advertising

Home News Ex CBN director allege Emefiele of printing his “own naira” instead of Buhari’s design
News

Ex CBN director allege Emefiele of printing his “own naira” instead of Buhari’s design

Share
Share

A former Central Bank of Nigeria (CBN), director of currency operations, Ahmed Umar, has disclosed that the immediate past governor, Godwin Emefiele, printed his own design of the naira.

The Nation reported that the Economic and Financial Crimes Commission (EFCC) 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.

Court again orders forfeiture of $1.7m linked to Emefiele Read Also: Court orders another forfeiture of N11b property linked to Emefiele

However, Umar while giving evidence at the Federal Capital Territory, FCT, High Court sitting in Maitama, said the features in the design approved by former President Muhammadu Buhari were 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.”

 

 

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
EntertainmentNews

Tems, Rema, Flavour, Davido Dominate 17th Headies Awards 2025 — SEE FULL LIST of Winners

The 17th edition of the Headies Awards 2025, held on Sunday at...

celebrityNews

Diddy Rejects Plea Deal in Federal S£x Trafficking Case as Judge Allows Damning Hotel Video

Disgraced music mogul Sean “Diddy” Combs has rejected a plea deal in...

EntertainmentNews

Mohbad Inquest: Coroner to Announce Verdict Date as Forensic Pathologist Testifies

The Coroner, Magistrate Adedayo Shotobi, presiding over the inquest into the death...

FeaturesNews

Air Peace Suspends All Flights Nationwide Amid NiMET Strike

Air Peace Ltd. has announced the immediate suspension of all its flight...