Money Laundering: Why more state governors are under surveillance –EFCC

*Abdulrasheed Bawa, Chairman of Nigeria’s Economic and Financial Crimes Commission, affirms there are surveillance operations around ‘over three State Governors’ being watched for money laundering in in view of the Federal Government’s plan to redesign some Naira denominations

Isola Moses | ConsumerConnect

In the anti-graft agency’s efforts at tackling official corruption in Nigeria, Mr. Abdulrasheed Bawa, Chairman of the Economic and Financial Crimes Commission (EFCC), has disclosed the number of State Governors the Commission is monitoring for suspected money laundering has increased

ConsumerConnect reports  Bawa had earlier mentioned three governors in this regard.

The EFCC Chairman, who spoke to State House Correspondents at the Presidential Villa, Abuja, FCT, after a meeting with President Muhammadu Buhari, however, declined to specify the number of the increase.

Bawa noted that he did not want to be misrepresented.

Recall that he hinted at EFCC’s surveillance operations around three Governors, who he alleged were being watched for money laundering in the wake of the Federal Government’s plan to redesign the Naira notes.

The Anti-Corruption Chief applauded the new Naira redesign project.

It is a significant process in the country’s fight against financial crimes and other forms of corruption, he stated.

According to him, the huge amount of currency that has left the hold of the Central Bank of Nigeria (CBN) makes trailing financial crimes difficult.

Bawa observed the Naira redesigning project is an opportunity for the Nigerian Government to regain control over the flow of cash in circulation in the country.

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