LunagisthubEmefiele’s Naira Redesign Trial: Court Sets Deadline for Conclusion
The trial of former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, over the naira redesign policy has been scheduled for conclusion by June 2026. Justice Maryann Anenih of the High Court of the Federal Capital Territory set the deadline after both the Economic and Financial Crimes Commission (EFCC) and Emefiele’s lawyers agreed on a timetable .
Hearing Dates
The court has fixed the following dates for the trial:
– February 3 and 10
– April 1 and 2
– May 11, 12, 13, and 14
– June 9 and 10
Justice Anenih urged both parties to adhere strictly to the schedule, assuring them that the court would make adequate arrangements to accommodate the trial .
During the resumed hearing, EFCC witness Emere Chinedu testified that the Presidency under former President Muhammadu Buhari approved the redesign of the naira notes. Chinedu, who headed the inter-agency probe panel investigating Emefiele, stated that the approval was communicated to the EFCC in writing following the commission’s enquiry. However, the approval came with a proviso that the printing of the redesigned naira notes should be done locally .
The outcome of this trial is expected to have significant implications for Emefiele and the CBN. If convicted, Emefiele could face serious penalties, including imprisonment. The trial also highlights the importance of transparency and accountability in government agencies .
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