File photo: President Buhari leads unveiling of new naira notes
An Abuja High Court was on Thursday told how on October 6, 2022, Godwin Emefiele, former CBN Governor, authored a memo to former President Muhammadu Buhari, seeking approval to redesign the Naira notes comprising N1,000; N500; N200 and N100.
In an 11-page memo, a witness of the EFCC, Mr Chinedu Eneanya,( PW7), said he participated in the investigation on allegations against Emefiele on the Naira redesign.
He said that specimen of the proposed redesign were attached to the memo and that Buhari gave immediate approval with a condition that production of the new notes must be done locally.
He narrated how the complaint against Emefiele was referred to his team.
He said that in the course of investigation his team invited four Deputy Governors of the CBN, who served under Emefiele.
Those invited were Sonubi Folasodun, Adamu Edward, Kingsley Obiora and Mrs Aisha Ahmed.
He added that their statements were given to the agency on their involvement in the Naira redesign.
The witness later identified and tendered the statements of the deputy governors made on different days.
He also tendered a statement obtained from one Ahmed Halilu, a former Managing Director of the Nigeria Security, Minting and Printing Company.
The extra judicial statements were admitted by Justice Anenih following no objections to that effect.
However, the witness said that other specimen were produced by the defendant on the grounds that the minting company could not cope with the production of the initial specimens within the time frame approved for the exercise.
He said that Emefiele and the Managing Director of Nigeria Security Minting and Printing Company, Mr Ahmed Halilu worked on the presidential approval and opted for colour- swapping as the only visible alternative to deliver within the time frame.
The witness also claimed that a UK-based company; De La Rue was involved in the colour redesign and got paid to the tune of 205,000 pounds for the consultancy services.
The witness alleged that Emefiele breached presidential directive by departing from the originally approved colour and for allegedly involving a foreign company in the production of the redesign.
The court also approved virtual testimonies for the Economic and Financial Crimes Commission (EFCC)’ witnesses in the trial of former Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele.
The two witnesses who live in the UK, were permitted to testify virtually by Justice Maryann Anenih, after the EFCC counsel, Rotimi Oyedepo , SAN, applied orally to the court.
Oyedepo, had informed the court of his intention to call two additional witnesses that would testify in the trial .
He also stated that he filed additional proof of evidence that would be placed before the court to substantiate the charges.
Emefiele’s counsel, Olalekan Ojo, SAN, objected to the new move by the anti-graft agency to make the request informally.
He argued that FCT High Court, was a court of records.
He said that the EFCC ought to have filed a formal application stating clearly names of the two witnesses.
He added, what they intend to say in court and reasons for their preference to give evidence virtually.
Ojo’s attention was however drawn to the application for additional proof of evidence where the names of the two witnesses were mentioned and reasons for adoption of virtual evidence were given.
Justice Anenih subsequently granted the request permitting the anti-graft agency to conduct its trial of Emefiele in respect of the two witnesses virtually.
The witness later identified and tendered the statements of the deputy governors made on different days.
After the witness testimony, Justice Anenih adjourned until April 29, for continuation.(NAN)
