Former Central Bank of Nigeria (CBN) Deputy Governor Kingsley Obiora has testified that the bank’s board never recommended the 2022 naira redesign to then-President Muhammadu Buhari. Obiora, who previously served as Special Adviser on Economic Matters to former CBN Governor Godwin Emefiele, revealed that the CBN board first learned of the redesign policy on December […]

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.

Obiorah said this while testifying virtually before the FCT High Court at the resumed hearing in the ongoing trial of the suspended governor of the CBN, Godwin Emefiele.

The trial of former Central Bank of Nigeria (CBN) Governor Godwin Emefiele resumed on Thursday, at the Federal Capital Territory (FCT) High Court in Maitama. During the proceedings, Kingsley Obiora, the former CBN Deputy Governor of Policy and the fifth prosecution witness, revealed discrepancies between the new naira notes circulated under Emefiele’s leadership and the […]