Naira Redesigning: We are after Governors who hoards billions of Naira, say EFCC

Ade Adeoluwa

The EFCC Chairman, Abdulrasheed Bawa, has urged Nigerians to support the CBN’s plan to redesign some Naira notes, as the commission is watching two sitting Governors who hoarded billions of Naira in their houses.

Bawa said this while speaking with Daily Trust on Thursday, that the Governors as a strategy to use the cash to pay workers salary.

According to him, the commission’s raid on Bureau De Change operators would be sustained until the old Naira notes fade away.

He urged Nigerians to support the system, for the benefit of all, stressing that any cash transaction beyond five million Naira is a crime.

“Already, some State governors that have some of this cash stashed in various houses and the rest are now trying to pay salaries in cash in their State.

“I don’t know how they want to achieve that but we have to stop them from doing that. Well, we are working, they have not paid the salaries in cash yet but it is a very serious thing,” he said.

The move by the governors to launder stashed money through cash payment of salaries, is against section 2 of the Money Laundering Prohibition Act.