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President Buhari approved Nigeria’s 2022 naira redesign, but prosecutors allege it violated CBN Act.
A prosecution witness in former CBN Governor Godwin Emefiele’s trial testified that President Muhammadu Buhari approved the 2022 naira redesign in a memo, directing local production.
The Nigerian Security Printing and Minting Company produced the new notes domestically, though the design was created by UK-based De La Rue, which was paid in pounds.
Emefiele’s defense cited the presidential approval to argue the move was lawful, while the prosecution alleges violations of the CBN Act.
The judge ordered the EFCC’s investigation report to be released, adjourning the case to February 10, 2026.
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El presidente Buhari aprobó el rediseño de la naira de Nigeria para 2022, pero los fiscales alegan que violó la Ley CBN.