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| EFCC Boss- AbdulRasheed Bawa |
The Chairman of the Economic and Financial Crimes Commission(EFCC), AbdulRasheed Bawa, has praised the Federal Government of Nigeria over the redesigning of naira notes by the Central Bank of Nigeria(CBN), stating that it would help curb the vote buying cankerworm that has eaten deep into our electoral process in the coming elections.
According to him, the new policy would aid the commission to be able to monitor people holding currencies both legitimately and illegitimately.
He stated on Thursday after defending the commission’s 2023 budget before the Senate Committee on Anti-Corruption to journalists, said that the EFCC would continue to partner with the Independent National Electoral Commission(INEC) to curb vote buying, especially in the coming 2023 general elections.
He said, “We welcome this policy as it is a good thing that the country is redesigning it's currency because how can you have an effective monetary policy when you don’t have control over 85% of your currencies?
“Out there, people are holding it, using it to speculate on foreign currencies, and so coming out with this policy, the government is trying to contend with it. I am sure that we will be able to monitor these people that are holding back this money whether legitimately or illegitimately and the right cause of the law will take it's course."
“We will continue to do what we have to do, we are trying to ensure that illegitimate funds are not finding their way into our electoral processes, he added."