"I Lost Over N123,000": Man Who Has $500 Cash Changes it at Official Exchange Rate, Gets 381,765
- A Nigerian man who had $500 changed it at the official exchange rate pegged by the Central Bank of Nigeria, CBN
- The man, Eniola Akinkotu, said he lost N123,235 after converting the money at N763.53 to a Dollar and ended up getting N381,765
- He said if he had changed the Dollars at the black market rates of N1010 to the Dollar, he would have got N505,000
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A Nigerian man got N381,765 after converting the $500 in his possession at the official exchange rate.
The man, Eniola Akinkotu, said he decided not to change the 500 Dollars he had at the black market rate because he wanted to be part of protecting the Naira.
Source: UGC
He said he changed the money at the rate of N763.53 to the Dollar at the official exchange rate. For the $500, he got N381,765.
Man changes $500, gets N381,765
According to Eniola, if he had changed the money on the black market, the rate would have been N1010 to the Dollar. At that rate, he would have got N505,000.
He wrote while on X, formerly Twitter:
"Took this $500 to Bureau de change. They said the rate is N1010/$1 which means I get N505,000. I rejected it & told him I would be changing at official FMDQ rate of N763.53/$1 so I got N381,765. I made a loss of N123,235 but it was worth it. Let’s protect our country and currency ."
See the tweet below:
Twitter users react as man changes Dollars at official exchange rate
@FinPlanKaluAja1 said:
"This is serious gaslighting."
@folucomms said:
"You didn't make a loss; the money was not meant for you if you want to be patriotic."
@kunzybaba said:
"In what way have you protected the country and the currency by this action?"
@brainzcode commented:
"I thought I was the only patriotic citizen here; it was exactly the same thing I did. You’re doing well, my brother."
Man gets job of $3,000 per month
In a related story, Legit.ng reported that a Nigerian man got a remote job with a salary of $3,000 per month.
The man applied for a remote job, and he was hired as a web developer.
As soon as he got the appointment letter, he posted it on X to celebrate.
Source: Legit.ng
