A video of a stack of one thousand naira notes piled on the floor and in sacks has been shared by multiple blogs and individuals on social media, including WhatsApp, suggesting it is money stored in someone’s house.
The caption did not say where, when, or to whom the money belonged.
Four major events since CBN announced naira notes redesign
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The Central Bank of Nigeria has said it will introduce redesigned naira notes into the financial system on December 15, 2022, and gave January 31, 2023, as the expiry date of the legal tender of the old notes.
Interestingly, many videos have surfaced either suggesting that the stack and sacks of naira were decaying money found in an abandoned site or money that has been hidden for years and is finally brought out to be deposited in the bank.
Verification: A fact check by Daily Trust revealed that the video is not a recent shoot, clearly showing how trending issues attract peddlers of fake news.
A frame-by-frame analysis of the video using the InVid verification tool shows that the video and others like it have been shared before on social media.
Also, looking closely at the video, it is obvious that it was taken inside a bank’s bulk room, and such a large amount of money is expected to be found in such a place.
However, some comments under the post suggest that it’s either United Bank for Africa (UBA) or Zenith Bank, considering the paint on the wall, which is white and red.
Conclusion: Daily Trust can confirm that the video of a stack of money making the rounds on social media and suggesting that it is someone’s stashed money in a house is false.
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