In a recent revelation, former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has disclosed that the Naira redesign program, which has sparked controversy, was approved by former President Muhammadu Buhari. Emefiele’s statement comes in response to a report by Private Investigator Jim Obazee, who claimed that there was no presidential approval for the Naira redesign initiative.
According to the report, Obazee alleged that the Naira redesign policy was endorsed by Buhari at the behest of a former presidential aide, Sabiu Tunde, and that the decision was made without the formal approval of the CBN board. Emefiele countered these claims, asserting that the presidential approval for the Naira redesign was handed to Obazee in the presence of senior CBN officials and members of the investigative team.
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The former CBN Governor expressed his dismay at the false allegations in the report, stating that they were intended to disparage his reputation and serve Obazee’s personal interests. Emefiele, who recently faced legal challenges, emphasized that he has been advised by his lawyers not to comment on matters submitted to the court for adjudication but felt compelled to address specific issues raised in the publication.
Emefiele strongly refuted the claim that there was no presidential approval for the Naira redesign, pointing out that the approval was provided during Obazee’s investigation and was witnessed by CBN officials and the investigative team. He also highlighted that former President Buhari had publicly stated on multiple occasions that he authorized and approved the Naira redesign.
The controversy surrounding the Naira redesign policy has been a subject of intense scrutiny, with Emefiele pushing back against the allegations and maintaining that the initiative had the necessary approvals. As the situation unfolds, Nigerians await further developments to understand the implications of this revelation on the ongoing discourse surrounding the Naira redesign.
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