N700k redesigned notes sold for N1m at party – Whitemoney raises alarm

Reality TV star, Hazel Oyeze Onou, popularly known as Whitemoney has raised concerns about an alleged illegal practice in the Nigerian banking system he experienced.

Taking to his social media page to lament, he noted that despite the scarcity of the news naira notes, some individuals have began selling the new notes at a price.

According to the Big Brother Season 6 winner, Whitemoney noted that during a wedding party he attended recently, he was stunned when he saw the new naira notes being sold by some money changers for party sprayers.

He said an amount of N700,000 is sold for N1 million and making a profit of N300,000 on each sale.

The singer questioned how money changers got the money that was said to be unavailable.

Some netizens have taken to social media to share their thoughts.

Watch videos from some parties below,

The new Naira note everyone is looking for is available at the party, but accessable to Nigerians. Unfortunate pic.twitter.com/AQUlGJr6T8

— Zafirah M. Muhammad (@Oziohu7) January 31, 2023

CBN printed the new notes. They handed them over to the commercial banks. The notes disappeared from the banks, only seen at parties. pic.twitter.com/sIwgUZhgK4

— LMAN ✨ (@L_man__) January 28, 2023

People are struggling to get the new Naira Note yet on a steady people are turning up in parties with #NewNairaNotes
At a Party Yesterday 700k was been changed for 1 Million naira
300k to change money#CBN #DeadlineDay #Naira #PetrolDieselPrice #Transfers #PeterObi4President2023 pic.twitter.com/3I9G47k55h

— CryptoAndor (@Cryptoandor) January 31, 2023