Naira Scarcity: 5 Pathetic Moments Experienced By Nigerians, See Videos

Naira Scarcity: 5 Pathetic Moments Experienced By Nigerians, See Videos

  • The scarcity of naira notes in Nigeria has pushed many Nigerians to the extent of taking the law into their hands
  • Some Nigerians have staged protests where they attacked banks and ATMs, and someone was allegedly shot during a protest in Abeokuta, in Ogun state
  • Also, many now pay higher fees to POS operators, while some have started printing their currency to spray at parties

The current naira scarcity in Nigeria has drained the emotions of many Nigerians, leading to a slow economic drive. Many have been denied access to their money, while others buy their country's currency at high rates from POS operators.

The Central Bank of Nigeria (CBN)'s governor, Godwin Emefiele, in November 2022, unveiled the new N200, N500 and N100 notes and insisted that the old ones will stop being legal tender by January 31, 2023. The deadline was subsequently extended by 10 days following immense pressure.

Read also

Naira swap: Former lawmaker exposes politicians, explains why some are calling for extension of CBN's deadline

President Muhammadu Buhari/Naira Scarcity/Naira Redesign/CBN/Godwin Emefiele/2023 Election
CBN Governor Godwin Emefiele and the Minister of Information and Culture Lai Mohammed. Photo Credit: APC Presidential Campaign Council
Source: Twitter

In between, many pathetic moments have been experienced by Nigerians, and they can be seen in videos shared on social media.

Some of them are listed below:

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Officer shoots protester

One of the most touching moments so far is the video of a protester who an officer shot during a protest against the scarcity of the country's currency at Sapon in Abeokuta, the Ogun state capital.

See the video below:

Nigerians design their currency for spraying at parties

Some Nigerians have been captured in a viral video spraying cash that carries their image, and then they are believed to transfer the sprayed amount of money to the person being sprayed.

See the video:

Read also

Intrigue as Woman Outsmarts Naira Scarcity, Creates Own ‘Currency’ to Spray at Party, See Video

Naira Scarcity: Customers cook and eat in bank

Nigerians cooked noodles and ate in a bank in Aba, Abia state, after spending long hours to get their money.

See the video below:

Bank staff jump fence to run for their lives

Following the inability of the bank to provide the people with their monies saved in the bank, the staff of the bank had to jump the fence to run for their dear lives.

See the video here:

Protesters Vandalise ATMs

In Ogun states, some of the protesters of the naira scarcity attacked banks and vandalised some Automated Teller Machines.

See the video:

Naira Scarcity: Former attorney reveals real issue in CBN versus supreme court earlier reported that the former attorney general and commissioner for justice in Imo state, Chukwuma Machukwu-Umeh, has faulted the supreme court ruling on CBN's naira redesign policy.

Read also

Expert lists 10 lessons Nigerians can learn from India as CBN deadline for old notes ends in hours

Machukwu-Umeh disclosed that the CBN acted within the law, adding that Godwin Emefiele, only needed the President's approval to redesign the currency.

According to the senior advocate, setting the deadline to retrieve the old naira notes from society is within the prerogative of the CBN.


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