Nigerians spend the night at ATM terminals across the country as naira notes scarcity bites hard – VIDEO

Nigerians spend the night at ATM terminals across the country as naira notes scarcity bites hard

Following the shortage of new naira note nationwide, Nigerians have begun to take unconventional steps to ensure they secure some cash.

In October 2022, Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), announced the plan to redesign the N200, N500, and N1,000 notes, and asked Nigerians to deposit their old notes before January 31, 2023 when they would cease to be legal tender.

Although the deadline has been shifted to February 10, many Nigerians have found it difficult to obtain the new naira notes.

In a video making the rounds, people were spotted sleeping overnight at ATM stands across the country due to the crowd that usually gathers during the day.

They slept on the floor close to the ATMs till the next morning in order to be the first set of people to make a withdrawal when cash is loaded.

 In related news,  A man has reportedly lost his life in a commercial bank after spending hours in a long queue trying to get his Automatic Teller Machine card.

The incident happened inside the banking hall on Thursday afternoon, February 2, 2023.