Brands and Marketing
EFCC Chairman Reveals When And How Dollar Will Crash To N200

EFCC Chairman Reveals When And How Dollar Will Crash To N200
The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has said the dollar might drop to ₦200 after the redesigning of naira.
Bawa stated this in an interview with Deutsche Welle (DW) Hausa service, saying President Muhammadu Buhari did well to approve the redesigning.
He said, “The law says the redesigning of Naira notes should be done every eight years but we spent 20 years without any changes on them. And that resulted to 85 per cent of money are in circulation not in banks, when CBN came up with this redesigning, dollar moved to 880 and later dropped to 680 or thereabouts.
“So you see with this redesigning dollar may massively fall, who knows probably to ₦200.”
The EFCC chair also said there is no any political motive behind the idea and called on Nigerians to report any person with siphoned monies.
BREAKING: EFCC Chairman, Abdulrasheed Bawa Convicted
“There is no political motive in this; some people siphoned and hid public funds that is why we want them to bring them out and nobody says they should not bring them, what government says is let them deposit such money in banks.
“We assure Nigerians that we are always ready to receive reports of any person with suspicious hidden money and if investigated to be true, we will give 5 per cent of the money to them,” he added.
-
Headline1 week ago
PDP NEC Meeting Postponed Again as Internal Crisis Deepens; Governors, BoT, and Saraki Panel to Meet
-
Headline1 week ago
North-Central APC Forum Endorses Tinubu and Mutfwang, Adopts Green Cap Movement for 2027
-
Headline1 week ago
UCL 2025/26: 27 Clubs Secured Qualification Spot Already (FULL LIST)
-
Entertainment1 week ago
American Singer, Billy Joel Diagnosed With Brain Disorder
-
Headline1 week ago
Internal Tensions Surface in ADC as It Becomes Platform for Anti-Tinubu Coalition
-
Headline5 days ago
Ogun Athletes’ Protest Over Allowances at National Sports Festival Deemed ‘Impatient’ by State Government
-
Headline1 week ago
Napoli Emerged Champions Of Italian Serie A
-
Headline7 days ago
Children’s Day 2025: President Tinubu Calls for National Unity Against Bullying, Reaffirms Child Welfare Priorities
-
Crime1 week ago
[VIDEO]: NDLEA’s Drug Seizure at Lagos Airport Reveals Evolving Trafficking Tactics
-
Headline1 week ago
Federal Government Files Defamation Suit Against Senator Natasha Akpoti-Uduaghan; Legal Team Vows to Present Evidence