Mr Emefiele and Mr Buhari adamantly stuck to the Naira redesign policy despite the chaos, widespread disruption it caused weeks to the 2023 general elections and severe pains it inflicted on people.
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He pleaded not guilty when the Economic and Financial Crimes Commission arraigned him before the trial judge, Maryanne Anenih, earlier this year. “On that day, we were in Lagos to commemorate the first year anniversary of the digital currency, E-Naira. During the break between the first two sessions of the event, the governor called the four deputy governors and informed us of plans to redesign the currency.
He said that on 26 October 2022, the defendant the deputy governor in charge of operations, Ade Shonubi, circulated and presented a memo for Naira redesign. The prosecution witness also said he was aware of instances of presidential approval for disbursement of funds to Chad, Niger Republic and the military, which the CBN complied with.
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