Emefiele’s Best Kept Secret Revealed


Embattled former Central Bank of Nigeria (CBN) governor, Godwin Emefiele’s best kept secret has been exposed.

Former Director of Currency Operations, CBN, Ahmed Umar has exposed the immediate past governor. He said Emefiele printed his own design of the naira.

The former CBN director disclosed this while giving evidence at the Federal Capital Territory (FCT) High Court sitting in Maitama.

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

He 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.”

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

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However, Emefiele denied the charge and was granted bail in the sum of N300 million.

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