Chinedu Emere, the seventh prosecution witness and an investigator with the Economic and Financial Crimes Commission, gave evidence during cross-examination by Emefiele’s senior counsel, Olalekan Ojo.
The EFCC has charged Emefiele with illegally harming public interest, an offense under Section 123 of the Penal Code. Emefiele denies the allegation.
Emere explained that Emefiele submitted a proposal on October 6, 2022, requesting authorization to redesign and reissue the N1,000, N500, N200, and N100 denominations. The former president granted approval but specified that manufacturing must occur within Nigeria.