The witness said the design also deviated from what Emefiele claimed was approved by then President Muhammadu Buhari.
Led in evidence by prosecution counsel Rotimi Oyedepo, SAN, Adamu disclosed that the usual process for currency redesign begins with the Director of Currency Operations submitting a proposal to the Committee of Governors (COG).
The COG then transmits the proposal to CBN Board for approval, with the final stage being the seeking of presidential endorsement.
Adamu was quoted as saying, “I became aware of it in October 2022 when the governor informed us, the deputy governors, that he had gotten an express approval to redesign the currency.
“Then on the 26th October, 2022, we were formally informed of the presidential approval of the redesign, so that is what happened in October, then there was a formal announcement of the currency redesign...
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