EFCC office
…Alleges Emefiele Bypassed Board to Secure Currency Redesign
A prosecution witness , Chinedu Eneanya, told an Abuja High Court that the redesigned Naira notes were produced locally as directed by President Muhammadu Buhari.
The Economic and Financial Crimes Commission (EFCC) charged Godwin Emefiele, former Governor of the Central Bank of Nigeria (CBN) with disobedience to the direction of law and illegal acts causing injury to the public.
Eneanya was cross examined by the counsel for Emefiele, Olalekan Ojo SAN.
When asked to confirm that Exhibit N1, was the extra-judicial statement of Ahmed Halilu, managing director, Nigerian Security Printing and Minting Company (NSPMC).
The witness answered in the affirmative and added that he (Halilu) was invited to shed light on the subject matter of the charge.
He said that Halilu stated that NSPMC commenced and eventually produced the redesigned Naira notes locally.
The witness stated that in the cause of investigation, he did not come across any contradicting evidence in what was contained in Exhibit N1.
He said CBN paid NSPMC for the production.
When asked if Emefiele disobeyed presidential directive?
The witness said ” the investigation showed that defendant disobeyed the provisions of the CBN Act , 2007, Section 19, which stated that CBN board must recommend to the president before currency must be redesigned. “
He was asked to confirm to the court if that was the only ‘act’ of disobedience by the defendant.
The witness said the defendant memo to the president had the three samples of the new notes attached.
“The defendant in his 11 paged memo to the president attached three samples or sketches of the notes to be changed and the president approved the design and said, it should be produced locally “the witness said.
He however added that the investigation showed that what was produced later was different from the president’s approval.
Ojo asked the witness to confirm the company that designed the old notes which later was redesigned.
The witness told the court that it was DeLaRue of United Kingdom.
He stated further that Halilu said NSPMC was not the company that designed the currency even before the redesigned notes.
When asked if he obtained statements from the committee of governors or board of directors of CBN, he answered in the affirmative.
Asked if EFCC forwarded to him any petition from the members of the public, the witness answered:
” I do not know if the commission received any , I only investigated what was assigned to me. No my Lord no petition was forwarded to me
Asked to confirm to the court if the Naira notes were produced by the Nigerian Security Printing and Minting Company (NSPMC)
When being re-examined by A.O Mohammed, the prosecution counsel, the witness said:
“The design for the new notes were already attached to the memorandum to the presidency and he ordered that it should be produced locally “
The witness was then discharged.
Justice Maryann Anenih then adjourned the matter until May 11 for further hearing. (NAN)
