Former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, is alleged to have operated 593 illegal bank accounts in the United States, United Kingdom, and China, totaling billions of naira.

The revelation, made by Special Investigator Jim Obaze, indicates unauthorized transactions amounting to £543,482,213 in the UK alone.

Emefiele, currently held in Kuje Custodial Centre for N1.2 billion procurement fraud, faces additional charges related to the CBN naira redesign policy. It is reported that he could be prosecuted, along with former President Buhari’s aide Tunde Sabiu and 12 CBN directors, for the illegal issuance of currency.

The investigation reveals that the naira redesign initiative was undertaken without proper approval, raising questions about transparency and adherence to legal procedures. The report suggests that Emefiele contracted the redesign to a UK-based company, De La Rue, for £205,000.