"Not Buhari": CBN Investigator Reveals Who Approved Emefiele's Naira Redesign Policy

• Godwin Emefiele, the former governor of the CBN, has been accused of implementing 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

Legit.ng journalist Bada Yusuf is an accomplished politics and current affairs editor, boasting over seven years of experience in journalism and writing.

FCT, Abuja - 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.

Read also

CBN investigation: ‘If it were in China, Emefiele would face firing squad’, Tinubu's aide says

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.

The private investigator of CBN submitted a report to Tinubu

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 on Wednesday, December 20.

Read also

Godwin Emefiele: Shehu Sani spots crucial loopholes in CBN investigator's report, details emerge

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

Emefiele may face fresh charges

Recall that Emefiele was prosecuted over N1.2bn in procurement fraud and remanded at Kuje prison.

He has been granted a N300 million bail by a federal high court at the Federal Capital Territory on Wednesday, November 22.

From the new document, it was discovered that the embattled former governor of the apex bank could be tried for fresh criminal charges concerning the naira policy.

"Emefiele awards contracts illegally": EFCC raises fresh alarm on ex-CBN gov

Legit.ng earlier reported that the EFCC has alleged that Godwin Emefiele, the former governor of the CBN, awarded contracts without passing through the Contract’s Tender Committee.

According to the commission, Oluwole Owoeye, the third prosecuting witness in the suit against Emefiele, claimed before the federal high court on Tuesday.

Read also

Tinubu’s investigator uncovers 593 foreign accounts ‘opened’ by Godwin Emefiele, gives details

Owoeye is the head of the MCTC, and he told the court that none of the contracts awarded by Emefiele during his time as the CBN governor passed through the court.

Source: Legit.ng