My Late Father Lost All His Money When Buhari Changed The National Currency In 1983 -Trader

 

A grain seller has revealed how his father lost all his money in 1983 when President Muhammadu Buhari who was then a military ruler changed the Nigerian currency.

 

According to Punch, the grain seller in Dada village in Zurmi Local Government, Muhammadu Isa made the revelation while explaining why he stopped selling grains in the Nigerian currency after the CBN’s policy on new naira notes was unveiled.

 

Recall that Nigerians have been battling to get the new naira notes which are very scarce.

 

He said that he sold only to those who possessed CFAs to avoid losing money as ‘’my father did in 1983 when the naira notes were hurriedly changed by the then Major General Muhammadu Buhari regime.’’

 

Isa explained that his late father lost all his money when Buhari changed the national currency in 1983.

 

The grain trader insisted that he would not accept the old naira notes as there was no bank or Point of Service terminal in his community where he could withdraw the new currencies.

 

“You see since our people and those from the Niger Republic are coming to buy the grains with the CFA, I see no reason why I should collect old naira notes. If anybody wants to buy grains from me, he must pay in CFA or forget it. I will not collect old naira notes because I don’t know what to do with them after the expiration of the deadline,” he noted.