Naira Redesign: Dollar May Crash To ₦200 – EFCC Chairman Bawa

Abdulrasheed Bawa, Chairman of the Economic and Financial Crimes Commission (EFCC), has stated that the dollar could fall to $200 following the redesign of the naira.

He stated this in a recent interview with the DW Hausa service.

He claims that “The law says the redesigning of Naira notes should be done every eight years but we spent 20 years without any changes on them.

READ MORE: Actor Osinachi Dike Mourns As He Loses His 2-Year-Old Son

Korra Will Find True Love And Will Defeat That Idiot – Korra Obidi’s Father Fights Trolls Who Said She Will Never Find Love Again (Video)

Woman arraigned for allegedly killing tenant in Ondo

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.”