The CBN’s decision to redesign the naira notes seems to have piled pressure on currency hoarders, as a video has shown a ruined stash of cash abandoned by a riverside in Benue.
Residents were seen flocking to the riverside where the stash of cash was found. In the video posted by @prudenceoflago3 on Twitter, the residents said billions of old notes kept in sacks were defaced beyond repairs.
ALSO READ: After 1-month relationship: Nigerian lady snub man who proposed with brand new Lexus car
A voice in the video was heard saying in pidgin English that it has spoilt.
“E don spoil. See where they hide am. Politicians una no kill us,” the voice said in the video.
View the video below:
The Central Bank of Nigeria had on October 26, 2022, stated that it was going to be redesigning the naira notes because about 80% of the money in circulation is outside the banking system.
ALSO READ: Woman with 9 kids surprises her children as she reveals she is pregnant again
The bank said that it is redesigning N200. N500 and N1000 notes, and the old naira notes would cease to be legal tender by January 31, 2023.
According to the CBN, it has received over N1 trillion of old notes and deposited the same amount with the banks. The CBN has also reduced withdrawal limits to N100,000 weekly for individuals and N500,000 for corporate bodies.
However, it has also been under pressure from politicians to rethink the policy as it would affect Nigerians.
I’m available: Celebrity dancer, Korra Obidi back in Nigeria, hunts for a new husband
In other news, popular Nigerian dancer, Korra Obidi has revealed she’s back and in search of a new husband.
READ ALSO: Oyinbo Yoruba demon – DJ Cuppy’s fiance caught sharing intimate moments with UK TikToker
The dance queen made the announcement via an Instagram post, saying she’s back in Nigeria and hunting for a new man.
This comes on the back of the celebrity dancer’s divorce to ex-husband, Justin Dean, an American.
