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Naira notes redesign: EFCC issues stern warning to Bureau de Change operators, others

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The Economic and Financial Crimes Commission, EFCC, has warned Bureau de Change (BDC) operators to be cautious of foreign money hoarders who can be offloading cash illegally stashed.

DAILY POST recollects that the Central Bank of Nigeria, CBN, Governor, Godwin Emefiele, on Wednesday revealed that the apex financial institution will, from December 15, 2022, concern redesigned N200, N500, and N1,000 notes.

The improvement is presently producing combined reactions from involved Nigerians.

Speaking on the matter, the EFCC Chairman, Abdulrasheed Bawa in a press release recommended the transfer by the apex financial institution, saying it’s “a well-considered and timely response” to the challenges of foreign money administration within the nation.

He stated, “It is pertinent to issue this stern warning to Bureau de Change operators to be wary of currency hoarders who would attempt to use this opportunity to offload the currencies they had illegally stashed away.”

According to the EFCC boss, the Commission would spare no effort to arrest and prosecute any monetary companies operator who violates extant legal guidelines and rules.

Naira notes redesign: EFCC issues stern warning to Bureau de Change operators, others

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Author: Ochogwu Sunday

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