Naira Redesign: Governors On Watchlist Increasing – EFCC

The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, on Thursday, said the Naira redesign introduced by the Federal Government has increased the number of governors on their watchlist.

Bawa said this to reporters at the State House after meeting with President Muhammadu Buhari.

The EFCC boss however refused to speak on the number of governors currently under the watch of the commission.

He said, “Our agency is pleased with the redesign of the naira note because the policy would help the Central Bank of Nigeria control the monies in the system and by extension, enable more money for people to borrow.

“It is my belief (as a student of economics) that the redesigning of the Naira will cause the value of the dollar currently at N890 to crash to N200”.

On the sting operations to the Bureau De Change operators, he affirms that the operation was successful and huge recoveries were made.

Bawa also urged Nigerians to welcome the new policy, while also encouraging citizens to take advantage of the whistle-blower policy.