The president of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has revealed that the number of state governors under close watch by the commission for money laundering allegations has risen from the 3 listed above.
This comes as the federal government, through the monetary authority, has intensified efforts to absorb the huge amount of cash that is out of the banking and financial system across the country.
This was made known by Bawa on Thursday while speaking to House correspondents shortly after a meeting with President Muhammadu Buhari at the Abuja Presidential Villa.
Bawa, however, refused to put a figure on the increase, saying he did not want to be misrepresented.
Fight against financial crimes: Bawa also praised President Buhari for giving his approval to the new naira redesign bill, describing it as a significant process in the country’s fight against financial crimes and other forms of corruption.
He said the huge amount of Nigerian currency that is outside the control of the Central Bank of Nigeria (CBN) makes it difficult to track financial crimes, noting that the redesign of the naira is an opportunity for the government to regain control over the cash flow in the country. .
On the trail of serving governors: Remember that following CBN’s announcement of redesign of N1,000, N500 and N200 banknotes, Bawa, about 2 weeks ago, hinted that the governors of 3 sitting states are under close watch on moves to launder cash to through table pay. wages to workers.
Although he did not reveal the identities of the 3 governors, Bawa said that 2 of them were from the north, while the third was from the south of the country.
The head of the EFCC reportedly said that the intelligence available to the commission revealed that the 3 governors had concluded plans to inject the money into the system through the payment of salary tables for their state workers.
… EFCC Chairman Says More Governors Are Under Watch For Money Laundering Read more at … Naijaonpoint.