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flag 2022 naira redesign: Shonubi testified that Emefiele did not follow proper procedures, with the President's approval.

flag During a court hearing, former CBN Deputy Governor Folashodun Shonubi testified against ex-CBN Governor Godwin Emefiele regarding the 2022 naira redesign. flag Shonubi claimed that Emefiele did not follow proper procedures for the redesign, which typically requires multiple approvals. flag He acknowledged that the redesign aimed to combat counterfeiting and promote the economy, emphasizing that the President approved the process without objections. flag Emefiele faces charges from the EFCC related to these actions.

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