Naira scarcity: Man slumps and dies at Delta bank after waiting several hours in the queue

A bank customer has slumped and died after standing in a queue for long hours at a bank in Agbor, Delta State.

According to reports, the yet-to-be-identified man died after waiting for hours to collect his Automated Teller Machine card at the bank in Ika South Local Government Area, Delta State, on Thursday, February 2, 2023.

Facebook user, Omole Mike, shared a photo of the deceased and wrote; “Just now, at about 1:30 pm. Somebody collapsed and died in the First bank of Nigeria, Agbor Branch. The Date is on 02-02-2023. May his Soul Rest in Peace. It is well.”

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Confirming his death, the state’s Police Public Relations Officer, DSP Bright Edafe, said, “He was not trying to withdraw cash; he came to collect his ATM card.”

This incident happened amid fuel and naira scarcity hardship facing Nigerians which has down businesses across the country.

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Meanwhile, President Muhammadu Buhari has implored citizens to give him seven days to resolve the cash crunch that has become a problem across the country from the policy of the Central Bank of Nigeria (CBN) to replace high-value Naira notes with new ones.

Buhari said this after meeting with governors elected on the platform of the All Progressives Congress (APC) in Abuja.

He said the currency re-design will give a boost to the economy and provide long-term benefits while expressing doubts about the commitment of banks in particular to the success of the policy.

“Some banks are inefficient and only concerned about themselves”, Buhari said “even if a year is added, problems associated with selfishness and greed won’t go away.”

He said he had seen television reports about cash shortages and hardship to local businesses and ordinary people and gave assurances that the balance of seven of the 10-day extension will be used to crackdown on whatever stood in the way of successful implementation.

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“I will revert to the CBN and the Minting Company. There will be a decision one way or the other in the remaining seven days of the 10-day extension,” the President assured.

The Governors told the President that, while they agreed that his decision on the renewal of currency was good and they are fully in support, its execution had been botched and their constituents were becoming increasingly upset.

They told the President that, as leaders of the government and party in their different states, they were becoming anxious about a slump in the economy and the series of elections that are coming.

They requested the President to use his powers to direct the concurrent flourish of the new and old notes till the end of the year.

Buhari said when he considered giving approval to the policy, he demanded an undertaking from the CBN that no new notes will be printed in a foreign country and they in turn gave him assurances that there was enough capacity, manpower and equipment to print the currency for local needs. He said he needed to go back to find out what was actually happening.

Buhari told the Governors that, being closer to the people, he had heard their cries and will act in a way that there will be a solution.

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