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Ex CBN director allege Emefiele of printing old naira note instead of new design

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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

Ex CBN director allege Emefiele of printing his “own naira” instead of Buhari’s design

The Nation reported that the Economic and Financial Crimes Commission (EFCC) 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.

Court again orders forfeiture of $1.7m linked to Emefiele Read Also: Court orders another forfeiture of N11b property linked to Emefiele

However, Umar while giving evidence at the Federal Capital Territory, FCT, High Court sitting in Maitama, said the features in the design approved by former President Muhammadu Buhari were 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.”