CBN investigator reveals who approved naira redesign policy

Godwin Emefiele, the former governor of the CBN, has been accused of embarking on the naira redesign policy without the expressive approval of former President Muhammadu Buhari

Jim Obazee, a private investigator of the CBN and other related entities appointed by President Bola Tinubu, made the revelation in his report According to the report, the policy was implemented by Emefiele and Sabiu Tunde ‘Yusuf’, an aide and nephew of the former president

Godwin Emefiele, the immediate past governor of the Central Bank of Nigeria (CBN) has been revealed to have embarked on the redesigning of the N200, N500 and N1000 notes without the expressive approval of former President Muhammadu Buhari.

The embattled former governor of the CBN was also accused of awarding the printing of the new currency for N61.5 billion to De La Rue, a United Kingdom company, which was a direct violation of the former president's directive that the new currency should be printed in Nigeria.

According to The Punch, Jim Obazee, a private investigator of the CBN and other related entities appointed by President Bola Tinubu, gathered that the approval came from Sabiu Tunde ‘Yusuf’, an aide to President Buhari.

Obazee revealed in his final report titled “Report of the Special Investigation on CBN and Related Entities (Chargeable Offences)” submitted to President Tinubu

The report disclosed that embattled Emefiele implemented the naira redesign policy in collaboration with Sabiu, a nephew of former President Buhari.

Leave a Comment