Naira Redesign: EFCC accuses 3 Govs of planning to launder stolen money   

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EFCC Chair

Three serving state governors are reportedly have plans afoot to launder ill-gotten money they stashed away amid the prevailing circumstances surrounding the new naira notes. 

This is according to Daily Trust, quoting the Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa.

The Central Bank of Nigeria (CBN) had announced the re-designing of some of naira denominations. It will be released on December 15, while people have up to January 31, 2023, to deposit the old notes in banks. 

Bawa said three unscrupulous governors are up to something shady, alleging that they plan to pay workers in their states cash in salaries as against the norm, paying through banks, in order to launder the monies they stashed away.    

“Let me tell you something, the Intel that I have yesterday and I would want you to take this thing very seriously. 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,” the EFCC chair told the publication.  

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