Thursday, April 18, 2024

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    Naira scarcity: Journalist slumps and dies while trekking to his office in Ibadan

    An Ibadan-based radio presenter popularly known as Baba Bintin slumped and d!ed on his way to work in the early hours of Saturday, March 11. According to reports, the deceased was on his way to the Fresh FM station where he had a program with the duo of Komolafe Olaiya and Olalomi Amole at Ayefele Music House, Challenge, Ibadan, Oyo State capital when he slumped and d!ed.

    DailyTrust reports that Baba Bintin was said to have been trekking from Amuloko area where he lived to Challenge as a result of his inability to get cash for transportation to the studio. Olalomi Amole and Komolafe Olaiya had ended their Saturday morning program, Oyin Adun, abruptly 20 minutes ahead of time when they received the call about the medical emergency of Baba Bintin.

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    Nigerians have been battling with the scarcity of the Naira notes since February. The scarcity came as a result of the naira redesign policy of the Central Bank of Nigeria (CBN). The CBN had redesigned N200, N500 and N1000 and phased the old notes out of circulation, but some governors had approached the Supreme Court to challenge the apex bank’s action. Following the court ruling on old notes, President Muhammadu Buhari ordered that only N200 old notes should remain legal tender. However, the court on March 3, ruled that old N500 and N1000 notes should remain legal tender till December2023.

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    The Federal government and the CBN are yet to comply with the order, causing the scarcity of the Naira notes to linger.

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