A former Deputy Governor of the Central Bank of Nigeria, CBN, Edward Adamu, told the Federal Capital Territory High Court Abuja that Godwin Emefiele, a former Governor of the Bank did not follow laid down procedure in the process that led to the redesign of some notes of the Nigerian currency.
Led in examination by Counsel to the Economic and Financial Crimes Commission, EFCC, Rotimi Oyedepo, Adamu, who is Principal Witness 4, also said that the redesign of the Naira notes launched by former President Muhammadu Buhari and currently in circulation was not the one approved by the ex-President or the Board of the CBN.
Adamu was testifying in the suit on a four-count charge instituted by the EFCC against Emefiele wherein he is accused of redesigning the N200, N500 and N1000 notes of the Nigerian currency without the approval of the President and the CBN Board.
