Emefiele admitted politics shrouded naira redesign, ex-CBN director tells court

Oct. 3, 2024 - TheCable

Shonubi, who was acting governor of the CBN from June 9 to September 15 2023, said Emefiele admitted to intrigues and politics around the 2022 redesign policy. Upon the COG’s approval, the CBN board would make a recommendation to the president.

AdvertisementThe witness said after the president’s approval was received, the bank would then set up an internal committee to execute the currency redesign. I was a member of the CBN board as deputy governor,” he said.

“A paper was presented to me, and on the instruction of the governor (Emefiele), it was stepped down...