Three serving state governors are under monitoring over moves to launder cash through table payment of salaries to workers, the Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, said on Thursday.
Bawa, who did not give the identities of these governors, said two of them were from the North, while the third one was from the southern part of the country.
He said intelligence at the agency’s disposal revealed that the three governors had concluded plans to inject the money into the system through table payment of their state workers’ salaries.
“Let me tell you something; the Intel that I have yesterday and I would want you to take this thing very seriously. Already, some state governors have some of this cash stashed in various houses and the rest are now trying to pay salaries in cash in their state,” he told Daily Trust.
When quizzed on whether the commission would summon the said governors, Bawa said they were closely monitoring them.
The development is coming amid moves by the Central Bank of Nigeria to redesign the naira notes, particularly the N200, N500 and N1000 bank notes.
The CBN had on October 26 announced that the country’s currency would be redesigned to address many issues that had negative effects on Nigeria’s economy. The development has since generated mixed reactions among Nigerians