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Nigeria: EFCC Tender Newspaper Exhibits in Emefiele's Naira Redesign Trial

The prosecution said the publications support claims that the redesign caused public hardship and was not approved by the CBN board.

  • On Monday, the Economic and Financial Crimes Commission tendered newspaper publications as exhibits in the trial of former Central Bank of Nigeria Governor Godwin Emefiele over alleged naira redesign violations.
  • Prosecutors allege Emefiele disobeyed the CBN Act between October 2022 and March 2023 by approving the printing of 375,520,000 pieces of N1,000 notes without board or presidential approval, causing public injury.
  • Eighth prosecution witness Jegede Olusegun presented newspaper bundles but admitted he did not author the papers, stating, "I cannot 100 per cent say the content of the papers is right."
  • The FCT High Court admitted the newspaper publications as exhibits after defense counsel Olalekan Ojo raised no objections; Justice Maryanne Anenih adjourned proceedings until Wednesday, May 13, 2026.
  • This trial is one of several cases Emefiele has faced since his 2023 removal by President Bola Tinubu; the controversial redesign policy previously triggered currency shortages and disruption during the 2023 elections.
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Sahara Reporters broke the news in New York, United States on Monday, May 11, 2026.
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