Some Governors Are Despirately Looking For A Way To Disburse Their Hoarded Billions Of Old Naira Notes To Workers As Salaries –EFCC
The Evangelist
November 6, 2022
The Economic and Financial Crimes Commission (EFCC) is keeping an eye on a few state governors who have been suspected of hiding billions of naira in a series of homes.
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According to SaharaReporters, the EFCC Chairman, Abdulrasheed Bawa, revealed this information in an interview that took place on Thursday, November 3 with Daily Trust.
This follows the recent declaration made by the Central Bank of Nigeria (CBN), which stated that it will alter some of the naira notes in circulation.
According to Bawa, the governors intend to launder the money by using it to pay wages, which they aim to do with the cash that they have hidden.
The chief of the anti-corruption agency also stated that the recent raids that the agency had conducted on Bureau de Change operators in various regions of the country would continue till the release of the new naira notes.
According to Bawa, the action taken by the state governors to launder the hidden money through a cash payment of wages violates Section 2 of the Money Laundering Prohibition Act.
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He emphasized that any monetary transaction that exceeds five million naira is considered a criminal offense.
BAWA SAID; “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 STATES.
“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” (Bendel news)
