The Dollar will fall to N200 after new currency .

 






The Economic and Financial Crimes Commission , yesterday in Abuja disclosed that the Naira will experience drastic changes after the proposed redesign which would take effect, from January 31, 2023.

The Commission further bragged that the Dollar would fall against the Naira massively at N200 by 2023.


This was made known by the Head of the Commission , Mr. Abdulrasheed Bawa whose jail term was overruled by an Abuja High court some days ago.

The motion which was filed by one Marshal Rufus Adeniyi, former Director of Operations for Nigerian Air Force(NAF), which was  filed November 21, 2018 with Suit No. FCT/HC/CR/184/2016 between the Federal Republic of Nigeria v AVM Rufus Adeniyi Ojuawo, argued  that the commission EFCC, had refused to release a certain seized property and some money.


Justice Chizoba Oji on Thursday reversed her earlier order of conviction which had instructed the Kebbi born chairman of the EFCC who happens to be the youngest person in the commission to ever occupy chairmanship position since the commission was created in 2003, to be locked in Kuje prison and compared to return the sum of 40million Naira and a Range Rover vehicle to the applicant .  

Her recent ruling made a U turn because she insisted that the new evidence brought before the court shows Mr. Bawa was not in contempt of the court.

I hereby set aside the entire contempt proceedings for Suit No. FCT/HC/CR/184/2016 between the Federal Republic of Nigeria v AVM Rufus Adeniyi Ojuawo.


That I further set aside the conviction of the applicant, the Executive Chairman, Economic and Financial Crimes Commission, for contempt unconditionally, “ 


She ruled.

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