A prosecution witness, on Tuesday, shared insights from a memo former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, sent to seek and obtain then-President Muhammadu Buhari’s approval for the unpopular redesign of the naira in 2022.
Chinedu Eneaya, an investigator with the Economic and Financial Crimes Commission (EFCC), testified at the Federal Capital Territory (FCT) High Court in Abuja, as the seventh prosecution witness in Mr Emefiele’s trial on illegal naira redesign charges.
The Economic and Financial Crimes Commission (EFCC) instituted the charges to hold him accountable for alleged illegality and widespread chaos, losses and pains caused by the currency note redesign policy in 2022.
Under the policy, CBN redesigned the N200, N500, and N1000 notes and drastically withdrew the old versions, leading to monthslong acute shortage of the currency notes due to insufficie
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