The Economic and Financial Crimes Commission (EFCC) says serving state governors have stashed billions of naira in their houses.
The anti-graft commission said it currently has at least 3 of the governors on its radar.
The EFCC Chairman, Abdulrasheed Bawa said the governors are now planning to pay salary through cash, following the decision of the Central Bank of Nigeria, CBN to redesign some naira notes, adding that the commission’s raid on Bureau De Change operators would be sustained until the old Naira notes fade away.
Bawa, therefore, urged Nigerians to support the system, for the benefit of all, stressing that any cash transaction beyond five million naira is a crime.
“Already, some state governors that have some of this cash stashed in various houses and the rest are now trying to pay salaries in cash in their state.”
“I don’t know how they want to achieve that but we have to stop them from doing that. Well, we are working, they have not paid the salaries in cash yet but it is a very serious thing”.
He further said that the move by the governors to launder stashed money through cash payment of salaries is against section 2 of the Money Laundering Prohibition Act.
