AFRICA

Naira Redesign: More Governors under Watch over Stashed Funds, says EFCC Chair Bawa

Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, says the number of serving Governors being monitored over their moves to launder huge sums of naira through table payment of salaries to workers has increased from the initial three reported earlier.

Bawa, who refused to disclose the number or identity of the governors, however, praised President Muhammadu Buhari and the monetary authorities for the initiative which he says will help monitor the flow of cash in the system 

Speaking to State House Correspondnets after a private meeting with President Buhari at the presidential villa, He also says raids on Bureau De Change operators will be sustained, urging Nigerians to support the system, for the benefit of all.

The Central Bank of Nigeria had last month announced that the country’s currency would be redesigned to address many issues that have negative effects on the economy. 

While the re-designed notes would be released on December 15, Nigerians have up to January 31, 2023, to deposit the old notes in banks.

Follow us on:

AriseNews

Recent Posts

Anambra Lacks Regulatory Framework For Crowd Control, Says Information Commissioner Law Mefor

Anambra lacks formal crowd control law but is working on a regulatory framework, says state…

4 hours ago

Akugbe Iyamu: We Must Be Prepared For Severe Droughts, Hunger in 2025

Retired Air Vice Marshal Akugbe Iyamu has called for urgent preparations for drought, heatwaves, and…

4 hours ago

Romania Set To Form New Government With Marcel Ciolacu As Prime Minister

Romania's president Klaus Iohannis is expected to designate Prime Minister Marcel Ciolacu to form a…

5 hours ago

Nigeria Announces Public Holidays for Christmas and New Year Celebrations

Federal Government of Nigeria has declared public holidays to mark Christmas and New Year festivities…

5 hours ago

IGP Orders Investigation into Death of Ilorin Detainee Jimoh Abdulquadri in Police Custody

IGP Egbetokun has ordered an investigation into Jimoh Abdulquadri’s death in police custody, promising justice…

8 hours ago

Trump Dismisses Claims That Elon Musk Holds Real Power Behind US President-Elect

Donald Trump has rejected suggestions that Elon Musk is the true influence behind the newly…

8 hours ago