National

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

VOICE AIR MEDIA News Update

The Economic and Financial Crimes Commission (EFCC) Chairman, Abdulrasheed Bawa 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.”

VAM News

Recent Posts

Osun Guber: Defections no threat to APC victory – says Oyintiloye

A chieftain of the All Progressives Congress (APC) in Osun State, Hon. Olatunbosun Oyintiloye, has…

10 hours ago

Adeleke Urges Osun Residents to Ignore Election Rigging Rumours, Vows Free and Fair Poll

Governor Ademola Adeleke has tasked Osun residents and indigenes to ignore rumours and scaremongering about…

13 hours ago

False Kidnap Alarm Sparks Attack on Motorcyclist in Ondo

A commercial motorcyclist in Ore, Odigbo Local Government Area of Ondo State, was brutally attacked…

18 hours ago

Adelabu’s Sister, twin sons rescued

Operatives of the Nigeria Police Force have rescued Mrs. Olaide Busayo Adegoke John-Paul and her…

1 day ago

FULL LIST: What Abductors In Oyo Are Demanding Before Releasing Pupils, Teachers

THE Muslim community in Oyo State has rejected the Sharia-related demands allegedly issued by terrorists…

2 days ago

3,000 Canvassers Inaugurated in Obokun as Osun APC rallies campaign for Oyebamiji

OSUN: The Obokun Local Government chapter of the All Progressives Congress (APC) has inaugurated no…

2 days ago