The Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has said the decision to redesign the naira is aimed at returning hidden public funds.

Bawa stated this in an interview with journalists, adding that the government wants people who hid the funds to deposit them in bank accounts.

The EFCC chairman also insists that there is no political motive behind the idea.

He noted that the President, has evaluated and accepted the advice put forward by the Central Bank of Nigeria on the redesign of the naira.

Meanwhile, the Senate has promised to provide legislative support for the Central Bank of Nigeria for the success of the policy.