The Economic and Financial Crimes Commission (EFCC), has said it is monitoring at least three serving governors who hoarded billions of naira in various houses. The development follows the announcement by the Central Bank of Nigeria (CBN) that it will redesign some naira notes. The CBN Governor, Godwin Emefiele, said the new design and issues will be effective from December 2022.
“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,” he said.
In response to the action, the EFCC uploaded damning materials in response to the legal action of the state, forcing the state government to request for adjournment at the last hearing.Bawa had said the agency was investigating a serving state governor who had withdrawn more than N60 billion in cash since 2015.In the latest edition of its in-house magazine called “EFCC Alert”, Bawa was quoted as saying that Nigerians would soon hear more about the developing sleaze story.
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