EFCC Chairman Confirms Arresting Someone with N30 Million of New Naira Notes (video)

News - Women's Perspective

The Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa has revealed that the commission arrested a man with N30 million of new naira notes.

Bawa made the revelation on Thursday, February 23.

'Over N500 Billion of Old Naira Notes Not Yet Returned to CBN' - Bawa
Abdulrasheed Bawa

This with many banks unable to pay with the newly designed notes.

The scarcity of the redesigned N200, N500 and N1000 has led to an uprising in many parts of the country.

Speaking on TVC this morning, Bawa said;
Just yesterday, we arrested somebody with N30 million of the new naira note and the question is where did he get the money? How did he get it? because with the policy you are expected to get a N100, 000 from ATM and N20, 000 from the counter in a week. So where did he get N30 million”

The video: