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Home LIFE & STYLE Whitemoney alleges 700k redesigned notes go for 1m at parties

Whitemoney alleges 700k redesigned notes go for 1m at parties

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Whitemoney via a post on Instagram, wondered how some Nigerians get the new notes when banks are unable to give same to their customers 

By Kehinde Okeowo 

Big Brother Naija (BBNaija) winner, Whitemoney, has expressed dismay over the level of corruption that is pervasive in the country, especially as it relates to the ongoing new currency drama 

The reality star took to his Instagram page to share a video where he recounted his experience at a recent outing. 

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According to Whitemoney, prior to his experience at a party, he had thought the scarcity of new notes across banks and ATM points was due to the non-availability of the redesigned notes.

He was, however, taken aback when he got to the event and saw money hawkers selling huge bundles of the new notes. 

ALSO READ: Phyna explains why celebrity marriages crash 

Whitemoney wondered how the individuals were able to get their hands on the notes when banks in the country have not been able to. 

He went on to say these hawkers sold N700k for as high as N1 million and made N300k in profit. 

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He wrote: ”Nigeria is a beautiful country. It’s the best country ever, I promise you. We just have corrupt people handling the sectors that serve human purposes. Every sector is just corrupt,” he began.

“Because, how do we explain that there is no money in the bank, both new notes and old notes, not in the bank 

“And then I got to a party and I saw bundles of mint, ₦200, ₦500 and ₦1000. Who is selling this money to these people? Who’s giving them?

“That is not even the worst part. The worst part is that this money is expensive as hell. 700k was selling for N1M naira with 300K gain on it. We are our own problems. Certainly!”

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