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

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

October 02, 2024
14 Articles

Further Reading