Naira Re-design: EFCC Increases Number Of Governors Being Monitored For Stashed Cash

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The Economic and Financial Crimes Commission (EFCC) has declared that more Governors are now under its watch for suspected stashing of cash.

The EFCC Chairman, Abdulrasheed Bawa gave the update on Thursday at the Aso Rock Villa in Abuja shortly after a meeting with President Muhammadu Buhari.

He disclosed to newsmen that the number has increased from the three earlier announced by the commission but failed to give the specific new number of Governors the anti-graft agency is monitoring.

Explaining why he didn’t give a specific number, Bawa said he doesn’t want to be misquoted. recalls about two weeks ago, the EFCC boss confirmed that the commission is monitoring three governors over suspected stashed money.

According to Bawa, the serving governors are planning to launder stashed billions of Naira through table payment of salaries to workers.

The development is coming a few days after the Central Bank of Nigeria (CBN) announced that the country’s currency would be redesigned to address many issues.

The apex bank disclosed that the re-designed notes would be released on December 15, adding that Nigerians have up to January 31, 2023, to deposit the old notes in banks.

Bawa in an interview with Daily Trust said some governors are planning to launder money they stashed in houses.

The EFCC Chair who failed to reveal the identity of the three governors, said two of them are from the North, while the 3rd one is from the southern part of the country.

He said intelligence has it that the three governors have concluded plans to inject the money into the system through table payment of their state workers’ salaries.

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