Nigerian News

New Naira Note Designed In UK, Printed In Nigeria – Witness

AfriqueCAN:

Ahmed Halilu who is the managing director told Justice Maryanne Anehin that the printing of the currency was at the instance of former President Muhammadu Buhari through a formal approval dated October 6, 2022.

Led in evidence by EFCC’s lead counsel, the witness narrated how he was invited by the former Governor of Central Bank of Nigeria, Godwin Emefiele, who told him that he had secured the approval of the presidency to print the currency locally.

He told the court that upon being shown a copy of the samples as approved by Buhari, he discovered that the capacity of their machines will not be able to cope with the presidential order.

Halilu said that he subsequently suggested that a UK-based company, De La Rue which he described as the original designer of Nigeria’s currency be contacted for the amendment of the samples.

The NSMP boss who is the second witness in the prosecution of Emefiele in the charges of redesigning Nigeria’s currency without presidential approval informed the court that de la rue responded by submitting options which he presented to the CBN for consideration and approval.

He said that the QR code was not in the options suggested by de la rue and the numbering system was amended to ensure hitch-free local production.

The witness told the court that De La Rue was paid £205,000 by the CBN for the services rendered.

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