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

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