Former Nigerian Deputy Governor testifies bank board wasn't consulted on 2022 naira redesign.

A former Deputy Governor of Nigeria's Central Bank, Kingsley Obiora, testified that the bank's board did not recommend the 2022 naira redesign to former President Muhammadu Buhari. Obiora stated that the board was informed of the redesign policy in December 2022, after it had been implemented. This testimony is part of the ongoing trial of former CBN Governor Godwin Emefiele, who faces charges including unlawfully printing new naira notes and causing public hardship.

November 14, 2024
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