As Nigeria inches closer to the release of the redesigned new naira notes, the Arewa Youths Consultative Forum, AYCF, has urged the Economic and Financial Crimes Commission, EFCC, to be watchful.

AYCF National President, Yerima Shettima, urged the EFCC to ensure that wicked politicians explain their ill-gotten wealth.

Recall that the Central Bank of Nigeria, CBN, had set December 5th, 2022, for the release of the redesigned naira notes.

CBN Governor, Godwin Emefiele said N100, N200, N500, and N1000 notes would be redesigned.

However, AYCF National President, Yerima Shettima, said the new policy would expose those with ill-gotten wealth.

Speaking with DAILY POST, Shettima said security operatives should ensure that those with ill-gotten wealth account for how they made their money.

He said: “It goes beyond the issue of kidnapping, we have a situation where money is not in circulation, most of these wicked politicians kept the money in their custody for election and whatsoever purpose.

“People are suffering; so for me, it’s one of the best ideas the CBN has introduced, and Nigerians should support it.

“This money will be forced to come out and some of them must account for how they got the money. They must explain how they got all the money they kept in their private homes.

“The second advantage is that the kidnappers who are in the villages who are hiding money would become jittery; they will bring it out and be forced to deposit it in the bank. People have to account for what they do and explain their source of income.

“The EFCC and other security agencies should be very watchful at this critical point, so that people will begin to account for ill-gotten wealth.”