Leaked Memo Implicates Acting CBN Gov. Folashodun Shonubi in Naira Redesign Policy Mess

More facts are beginning to emerge as a leaked memo has exposed the involvement of the acting governor of the Central Bank of Nigeria Folashodun Shonubi in the Nair a redesign policy of the CBN under Buhari.

A leaked memo seen by ENigeria Newspaper 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.

Acting CBN Governor, Folashodun Shonubi In Trouble With Governors Over Stamp Duty

Folashodun Shonubi, acting Governor of the Central Bank of Nigeria (CBN) is in trouble with state governors over non-payment of Stamp Duty, ENigeria Newspaper reports.

The issue of the accumulated funds generated from Stamp Duty since 2015 when President Buhari took over has been on the front burner since during the tenure of disgraced CBN governor, Godwin Emefiele and the issue which remains unresolved appears to be making a comeback as state governors are now ready for a long battle with the CBN under acting Governor Folashodun Shonubi and the federal government especially as the country undergoes cash crunch which continues to bite even harder daily. CONT. READING