We Will Question Some Persons Over Return Of Old Naira Notes- Bawa

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The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa says the agency will soon question some persons over the return of the old naira notes to banks.

During an interview on Channels Television on Wednesday, the anti-graft agency boss said they are yet to question anyone since the commencement of the naira redesign policy.

Bawa said over N500 billion of the old naira notes are yet to be returned to the apex bank.

“I don’t want to say governors but public servants, not necessarily governors, some businessmen with questionable character, are still having these funds (old naira notes),” Bawa said.

“As the law says, at any time, they can always bring it back to the Central Bank for crediting of their accounts.

“Throughout this exercise from October 26 till date, we have not arrested anybody. We have not raised any questions regarding who deposited what, where, and how because we are determined not to cause too much panic within the system.

“Because one of the cardinal objectives of this policy is to ensure that money returns to the banking system. That is why we are holding on.

“We are not eager to start that. Facts cannot change for things that are already within financial institutions.

“Certainly, we will wait and see. I can tell you that based on our paper analysis of things, there are a lot of questions we will ask and demand answers for.”