Folashodun Shonubi, former acting governor of the Central Bank of Nigeria, testified in court revealing political influences behind the 2022 naira redesign. He disclosed discrepancies between the approved and actual currency notes, as former CBN Governor Godwin Emefiele faces charges from the...
The Economic and Financial Crimes Commission (EFCC) has intensified its pursuit of accountability in Nigeria's financial sector, filing a fresh charge against Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN). The four-count charge accuses Emefiele of authorizing the printing...
Boss Mustapha, the former Secretary to the Government of the Federation (SGF), has categorically denied any involvement in the alleged withdrawal of over $6 million from the Central Bank of Nigeria (CBN). The denial follows the release of a report by a special panel, chaired by Jim Obazee and...
The Supreme Court ordered the continued coexistence of both old and new Naira notes—specifically the N200, N500, and N1000 denominations—until further notice. The apex court's seven-man panel, led by Justice Inyang Okoro, issued the ruling in response to a Federal Government application seeking...
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