In another development, three serving state governors are being monitored over their moves to launder stashed billions of naira through table payment of salaries to workers, Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, disclosed to correspondents.
He said the raid on Bureau De Change operators will be sustained, urging Nigerians to support the system, for the benefit of all.
You will recall, that the Central Bank of Nigeria (CBN) had on October 26 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.
However, the mad rush by top politicians, traders, investors and other members of the public to cut corners and convert stashed funds into dollars, property and others, has created tension in the economy.
CBN Governor, Godwin Emefiele, had said the move was to counter-terrorism financing and hoarding of banknotes by members of the public.
The apex bank is to redesign the N200, N500 and N1, 000 notes.
