Angry Nigerians attack banks over new notes naira redesign (Video)

angry Nigerians attack banks over new notes naira redesign (Video)

On social media, there is a video depicting the moment angry Nigerians destroyed a commercial bank’s property by throwing stones and sticks at it in protest at the lack of new banknotes.
Remember that the Central Bank of Nigeria (CBN) announced a modification to some Naira notes, citing hoarding of cash, security concerns, and an increase in cybercrime as justifications.

Following the scarcity of new Naira notes, Nigerians who are unable to use other means of transactions and are made to queue for hours, unleashed their frustrations on a commercial bank.

The Site News understands that the scarcity of the new notes is coming during an acute shortage/hike of petrol.

Below is a video of Nigerians expressing their frustration over their inability to get money kept in their accounts.

CBN Extended Old Notes Deadline
Meanwhile, the Central Bank of Nigeria (CBN) extended the deadline for the exchange of old Naira notes by 10 days.

The CBN Governor, Godwin Emefiele, in a statement on Sunday says it has the permission of President Muhmammadu Buhari to effect the extension.

Emefiele stated that, so far CBN has collected 1.9 trillion and is left with 900 billion to achieve effective implementation of policy.

According to the apex bank chief, the extension, ‘a 7-day grace period’ was as a result of measures put in place to ease the scarcity.