Connect with us

    Hi, what are you looking for?

    Metro

    Over N500bn old Naira notes not yet returned to CBN – Bawa

    EFCC

    Abdulrasheed Bawa, Chairman of Economic and Financial Crimes Commission (EFCC), has said that over N500bn of old Naira Notes are yet to be returned to the Central Bank of Nigeria.

    Appearing on Channels TV’s Politics Today, Bawa also revealed that the CBN has printed N500 billion new naira notes which is in circulation.

    He said; “The only option politicians have now is to buy votes, as BVAS will do a lot of wonders. They want to maximize the numbers they have. That is the intelligence we have and I am happy that all the security agencies are working to make sure the election is successful.

    “Some people stashed money for the purpose of the election. Even as of today we still have over N500 billion old naira notes that are yet to be returned to the CBN. And the CBN has printed N500 billion new naira notes which is in circulation.

    “We have our own way of getting such Intel and God willing we are going to use it maximally this time around.”

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    News

    The United States has reversed its visa restrictions on Ghana after the West African country agreed to accept west Africans deported by the United...

    Oil and Gas

    The industrial dispute between the Dangote Petroleum Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria took a dramatic turn on...

    E-Financial

    Shareholders of Unity Bank Plc have approved the proposed merger with Providus Bank Limited, marking a major milestone in the business combination of the...

    News

    Federal Government has described as false, baseless, despicable and divisive reports claiming that terrorists operating in Nigeria are engaged in a systematic genocide against...