Business

VIDEO: Damaged naira notes discovered in Benue barracks

Sacks of damaged naira notes have been discovered in Wadata Police Barracks, Benue State.

A viral video showed the damaged naira notes in several bags after the currencies were said to have been hidden for years.

A woman in the video was heard saying: “Live oh, Wadata, EFCC discover money. See money. See where dem hide am. Money don spoil, make una see am. See money. Police Barracks, Wadata. Politicians, una no go kill us.”

It would be recalled that the Central Bank of Nigeria (CBN) recently redesigned three naira notes out of the existing eight banknotes.

READ ALSO: Wike renews Rivers medical students’ scholarship, announces N500m grant

These are the N200, N500, and N1,000 denominations which will take effect from December 15, 2022, after its launch by President Muhammadu Buhari.

The apex bank had directed commercial banks in the country to work on Saturdays till January 31, 2023, to enable bank customers to return old naira notes for new ones.

The CBN said the new and existing currencies shall remain legal tender and circulated together until January 31 when the existing money shall cease to be legal tender in Nigeria.

Watch video below:

The Star

Segun Ojo

Recent Posts

Army rescues 9 as terrorists kill 2 security operatives, kidnap many residents in Zamfara

Troops of Sector 2, Operation Fansan Yamma, have rescued nine residents abducted by terrorists in…

32 minutes ago

Presidency replies Atiku, defends Tinubu’s economic reforms

The Presidency has dismissed criticism by former Vice President Atiku Abubakar over the state of…

59 minutes ago

How I lost my millions at 30, worked as labourer in England — Farooq Oreagba

Businessman Farooq Oreagba, popularly known as "Mr Steeze," has opened up about his dramatic financial…

3 hours ago

‘No fire occurred’: FAAN clarifies Lagos airport incident

The Federal Airports Authority of Nigeria (FAAN) has clarified that there was no fire outbreak…

4 hours ago

Atiku accuses Tinubu govt of misrepresenting economic performance

Former Vice President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has criticised the…

4 hours ago

ISDGS Old Students Association elects new executives

The Ijebu Southern District Grammar School Old Students Association Ala-Ijebu (ISDGSOSA) has elected new executives…

4 hours ago

This website uses cookies.