Tuesday, April 23, 2024
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Naira note scarcity: Bank gives bundles of 5 naira notes to Nigerian man

A Nigerian man received a bundle of five Naira notes when he went to withdraw from a commercial bank.

In a video shared on TikTok by @storymustchange55, the young man was seen holding 8 bundles of five Naira notes, though the exact money he withdrew wasn’t disclosed.

He mentioned that the notes were given to him by the United bank of Africa (UBA).

READ ALSO: New naira notes confusion: Church rejects old notes as tithes and offering

The scarcity of new notes has caused different issues in the country, and many Nigerians are unhappy with the situation.

Rich man ready to spray money

Five Naira note is the lowest Nigerian currency denomination, and it’s tagged useless because many Nigerians do not spend it.

However, it looks like the present economic state of the country has made the note useful.

According to the post, the young man was ready to spray the notes at any birthday location he was given.

Give me your birthday Location make I come spray you,” he said.

Reactions: N5 get value las las

Nigerians reacted to the video with many of them hailing the guy and talking about the increase in the value of 5 naira notes.

@rotimix_wale: lol that is the new cbn rules 1000 500 and 200 naira notes will be scarsce cause everybody da reject 5 naira 

Egbe Adebukola✨♥️: oh boy you are a rich guy????

@smilemore678: to all those people whey dey find change for offering 

@randy_isabel24: Pablo na so omo na to branch bank before i enter club 

@fasunkay: later later five Naira get value, glory but for God, I pray for u that wht will happen that will make ur life get value God will do it Amen

asiwaju oduneye: ?just imagine withdrawing 10 million ??

@storymustchange55

#cbn #fivenaira ??? Gove me your birthday Location make I come spray you #nigeria

♬ original sound – THA ?N?K?GOD?

READ ALSO: New note palava:  Nigerian man threatens to scatter the bank as security man shuts door against him

Violence erupts at ATMs as Nigerians scramble to withdraw cash

Meanwhile, a video posted on Instagram by @mufasatundeednut showed a lot of Nigerian men sweating and pushing against one another just to get to the ATM first.

In the end, no one seemed to succeed in getting through to it.

Concerned netizens have reacted to the post with many blaming the government for such a predicament.

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