Emefiele trial: Witness says redesigned naira notes differed from Buhari's approval
Former Central Bank of Nigeria (CBN) Governor Godwin Emefiele is on trial facing four criminal charges, including illegal redesign of the naira, disobedience to the direction of law, and an illegal act causing injury to the public. According to testimony in the ongoing case, the redesigned currency notes that were ultimately produced by the CBN were different from what then-President Muhammadu Buhari had approved. The charges allege Emefiele bypassed proper authority in executing the controversial naira redesign policy. Premium Times Nigeria, a Tier 1 news outlet, reports this development from the trial proceedings. This news dates back to testimony given in July 2023 during the early stages of the case. The specific details of the design differences and the full legal arguments are not contained in the visible excerpt, but the core allegation is that the implemented notes did not match presidential approval. This case remains part of the broader legal aftermath of the 2023 naira redesign policy that caused widespread cash shortages and economic disruption across Nigeria.