Cash Crunch: Old Man Bursts Into Tears in Bank, Laments Hunger, Rains Curses on CBN

Cash Crunch: Old Man Bursts Into Tears in Bank, Laments Hunger, Rains Curses on CBN

  • The wave of naira scarcity in the country has hit the common man as an old man burst into tears in a bank because he could not access his money
  • The old man lamented that he had been hungry and needed to get his drugs and could not meet his basic needs because the CBN was holding him to ransom.
  • Meanwhile, banks have closed many branches in Nigeria because of attacks from citizens who have money with them but cannot access their money

An old man was seen crying in a bank over the failure of the financial institution to give him cash to buy food to eat and drugs to manage his health condition.

In the video, the old man, who uses a walking stick, was seen crying as he said he has money but could not access cash to get drugs at the pharmacy as his health got worse.

CBN/Godwin Emefiele/Old Man/Tears/Naira Scarcity/Naira redesign
An old man was in tears as he could not access his money. Photo Credit: Saheed Oladele
Source: Facebook

While speaking in Yoruba, he also lamented that he had been hungry for a couple of days as he hurled curses at the Central Bank of Nigeria (CBN) for pushing him toward the grave when his time had not come.

Nigerians have been trapped in the crisis of naira scarcity since the apex bank announced the deadline for discontinuing the use of the old naira notes as legal tender.

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However, some governors have challenged the federal government's decision at the Supreme Court, and an interim injunction has said the old and new notes should co-exist pending the court hearing slated for Wednesday, February 15.

Meanwhile, many banks have closed their branches due to attacks from protesting Nigerians as the CBN has not been able to provide enough cash for citizens, while many traders have stopped collecting the old notes.

See the video below:

Intrigue as CBN makes strategic move to address naira scarcity, outsmart governors earlier reported the CBN is prepared to distribute about N1trn to commercial banks in Nigeria to relieve the suffering of people in the ongoing naira scarcity.

A board member of the apex bank, who spoke on the condition of anonymity, disclosed the new move by the bank,

The distribution of such an amount of money can be considered a strategic move to outsmart some governors who are challenging the naira redesign policy in court.


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