CBN Deadline: Nigerian Man Shows N2 Coins Bank "Paid Him" in Video As He Withdraws N5,000

CBN Deadline: Nigerian Man Shows N2 Coins Bank "Paid Him" in Video As He Withdraws N5,000

  • A Nigerian man who said he was paid N5,000 in N2 coins denomination by his bank has made a video about it
  • The man spread the coins on the floor as he voiced out his frustration on how to go about spending the same
  • Another video he posted on his TikTok showed that he was not the only one who got the coins at the bank

A young Nigerian man with the handle @_nahzikid_ has shared a video of the N2 coins he claimed his bank paid him.

Frustrated about the situation, the man packed some of the coins in his hands as he wondered how he was going to spend them.

CBN deadline on old notes/man was paid in coins.
Nigerians believe the economy would change if coins are introduced. Photo source: TikTok/@_nahzikid
Source: UGC

Man paid in coins

In the video, he asked another person to bring more of the coins as they were poured on the floor. Responding to people who said he was lying, the young man made another video to show he was not the only one who got the coins.

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A separate clip on his page showed the moment he tried using the coins to get something and a trader rejected them.

CBN says coins still legal tender

Even though coins were not in circulation for a long time, information on the Central Bank of Nigeria (CBN)'s website says they are still the country's legal tender. In November 2022, lawmakers implored the apex bank to make coins popular again.

Watch the man's video below: compiled some of the reactions below:

chinonso said:

"Na to withdraw 10k for coins and attend my ex wedding."

TFM said:

"Watch as we go spray those coins na to wear helmets."

caesarwaobikeze said:

"Best move, cancel 500 and 1000 naira notes totally. Let our highest denomination be 200naira."

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Onome_supreme said:

"Coins is the best my brother it will bring in more value please you all should encourage it pls."

Babade Oluwasekemi Precious said:

"This will really help us I think cos things will come down by price."

Fitkid Annangboy Sin said:

"If there is still coins in this country thing's will be cheaper."

Mother breaks kids' piggybank

Meanwhile, earlier reported that a journalist and the TVC Your View host, Morayo Afolabi Brown, shared a video of the money her kids have been saving for nearly a decade.

The mother said that she broke all their piggybanks. Many N500 and N1000 notes were crumpled on the floor.

Morayo stated that she is depositing the money in the bank as some old notes will be phased out by the CBN.


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