Godwin Emefiele, former governor of the Central Bank of Nigeria CBN, has been accused of printing naira notes different from the design approved by former President Muhammadu Buhari.
A former director of currency operations at the apex bank, Ahmed Umar, testified before a federal capital territory FCT high court in Abuja. Umar said the CBN Act requires that recommendations be made from the board of directors to the president for approval on the form of design and device in any currency.
The witness told the court that the features in the design approved by Buhari differed from the one Emefiele ordered to be printed.
The anti-graft agency also accused Emefiele of approving the withdrawal of N124.8 billion from the consolidated revenue fund “in a manner not prescribed by the national assembly”.