ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Sunday, October 12, 2025
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
Home Crime Watch

Leaked Memo Implicates Folashodun Shonubi In Naira Redesign Policy Mess

Information in the leaked memo reveals that the acting CBN governor worked hand-in-hand with Godwin Emefiele the disgraced former governor of the apex

by NewsOnline Nigeria
September 11, 2023
in Crime Watch, Top Stories
0
Folashodun Shonubi

Leaked Memo has implicated Folashodun Shonubi in the Naira Redesign Policy Mess.

 

NewsOnline Nigeria reports that more facts are beginning to emerge as a leaked memo has exposed the major role of the acting governor of the Central Bank of Nigeria Folashodun Shonubi in the Naira redesign policy of the CBN under Buhari.

 

A leaked memo seen by NewsOnline Nigeria has implicated the acting Governor of the CBN, Folashodun Adebisi Shonubi, as the architect of the controversial Naira redesign policy of the apex bank during the regime of former President Muhammadu Buhari.

 

Information in the leaked memo reveals that the acting CBN Governor worked hand-in-hand with Godwin Emefiele the disgraced former governor of the apex

 

The internal memo, which was titled: “Memorandum to the Committee of Governors for Currency Redesign.” Contains vital information nailing Folashodun Shonubi in the controversial policy that kept the country on its feet prior to the 2023 presidential election.

It said: “Wholesale hoarding of naira banknotes by members of the public, worsening shortage of fit banknotes in circulation, high and increasing cost borne by the bank as well as high counterfeit risk.”

 

According to Gatekeepers News the memo prompted Emefiele to set up a task force for the redesign of the Naira.

While Emefiele was the Chairman of the task force, Shonubi and Aisha Ahmad, the Deputy Governor of Financial System Stability, served as Co-Chairmen.

ADVERTISEMENT
Previous Post

BREAKING: Veteran Chartered Accountant, Akintola Williams Is Dead

Next Post

BREAKING: Deputy Governor Phillip Shaibu Driven Away From Edo Government House

Next Post
Deputy Governor Phillip Shaibu

BREAKING: Deputy Governor Phillip Shaibu Driven Away From Edo Government House

Trending Stories

No Content Available

Latest Stories

Labour Party

Labour Party Rules Out Peter Obi Stepping Down, Challenges Atiku to Back Him in 2027

Mahdi Shehu

Mahdi Shehu Accuses Tinubu, Customs Boss of Nepotism in 2025 Recruitment Shortlist

Atiku

Atiku Expresses Worry as Nigerian Youths Lose Hope Over Hardship and Bad Governance

Nnamdi Kanu

Obi Slams Double Standards in Nigeria’s Justice System, Demands Freedom for Nnamdi Kanu

Dangote Refinery

Oil Expert Speaks On Dangote Refinery Importing Substandard Fuel with High-Sulphur

Maryam Sanda

President Tinubu Grants Clemency to Maryam Sanda Convicted of Killing Husband in 2017

Minister Umahi

Minister Umahi Challenges Governor Makinde to Engineering Debate Over Coastal Highway Remarks

Igbo Women

Igbo Women Declare Support for Sowore’s October 20 Protest, Demand Nnamdi Kanu’s Release

CBN

BREAKING: CBN Orders Banks to Refund Failed ATM Transactions Within 48 Hours

Nigeria’s Public Debt

Nigeria’s Public Debt Hits ₦152.4 Trillion as Tinubu’s Borrowing Rises Despite Revenue Gains

ADVERTISEMENT

NEWSONLINE NIGERIA

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: [email protected]

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2025 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria