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VIDEO: Man shows up with N50m cash in sack bags at CBN office

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By Ishaya Ibrahim 

A Gombe man leading others with loads of cash in sack bags showed up at the office of the Central Bank of Nigeria (CBN) to deposit N50 million of the old N500 and N1000 notes to the shock of the security officials at the gate. 

A viral video showed the moment when the man, along with four others, arrived at the CBN office in Gombe to deposit the N50 million cash in old naira notes. 

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The unidentified man who was interviewed at the gate claimed that he was a trader who deals in wheat flour and that the money belonged to him. 

The video of the unidentified man has gone viral on social media, with many asking why he waited this long to deposit his N50 million old notes. 

The man chuckled as he answered a question presented by CBN officials as he marched directly to the CBN headquarters accompanied by four other men carrying large sack bags. 

When he was asked why he is just depositing the money now he responded in the Hausa language: “I am a trader and sell flour.” 

He was asked how many shops he owned, he said many.

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He was asked: “How much do you have here with you?” 

He answered: “I have 50 million naira cash, It is my money.” 

After the video ended at the CBN office gate, it’s unclear if the person was permitted to deposit the N50 million cash. 

However, CBN has insisted that no Nigerian will lose their legitimate money and its office will be ready to collect the old naira notes.

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