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...
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