Emefiele Denies ‘Billion Naira Fraud’ Allegations By Private Investigator, Media Outlets

The former CBN governor also claimed that the source of the outlets who published the alleged defamatory articles is Jim Obazee, a private investigator who was appointed by President Bola Ahmed Tinubu. He went on to say that although he had been instructed by his lawyers to refrain from speaking about the matter as it was in the courts already, he needed to address some issues that “are barefaced lies told by the investigator in order to achieve his satanic agenda.”

The statement read, “First, it was reported that, contrary to the provision of the CBN Act 2007, there was no presidential approval for the Naira redesign. I wish to state unequivocally that there was indeed a presidential approval, and the said approval was handed over to the same Jim Obazee during the process of his investigation in the presence of senior CBN officials and his own investigative team.