Emefiele Ignored Design Approved By Buhari, Printed ‘His Own Naira’ – Ex-CBN Director, Ahmed Umar

A former Central Bank of Nigeria, CBN, Director of Currency Operations, Ahmed Umar, has disclosed that the immediate past governor, Godwin Emefiele, printed his own design of the naira.

Umar disclosed this while giving evidence at the Federal Capital Territory, FCT, High Court sitting in Maitama.

The former CBN director said the features in the design approved by former President Muhammadu Buhari was different from the one Emefiele ordered to be printed.

Umar said, “The design approved by the President had a QR code, which the currency in circulation does not. The positioning of the portrait was on the right side, that printed by the CBN was on the left and the number scheme approved by the President is different from what the CBN produced.”

Recommended News:

• “Nigeria’s Financial Burden: Senators’ Exorbitant Salaries Amidst Economic Hardship”  — Ogundipe Daniel
• Fubara: ‘The State Is Tired Of Wike’ – Amaechi Declares Position On Rivers Political Crisis
• BREAKING: Hon. Damilare Bello Opens Vocational Centre In Sagamu, To Also Consider Rural Areas

The Economic and Financial Crimes Commission, EFCC, had on May 15, arraigned Emefiele on a four count charge before Justice Maryanne Anenih of the FCT High Court.

Emefiele however denied the charge and was admitted to bail in the sum of N300 million.

Please don’t forget to “Allow the notification” so you will be the first to get our gist when we publish it.

Drop your comment in the section below, and don’t forget to share this post.