New Naira Notes: Arthur Eze, Nigerian Billionaire Seen in Video Sharing $100 to Residents in Anambra

New Naira Notes: Arthur Eze, Nigerian Billionaire Seen in Video Sharing $100 to Residents in Anambra

  • A Nigerian billionaire, Arthur Eze, was seen on video giving out $100 each to youths in Anambra
  • The video, posted on social media, has drawn mixed reactions, with many saying the gesture is politically motivated
  • Others said the billionaire is known for his philanthropic lifestyle, which endears him to people

PAY ATTENTION: See you at Legit.ng Media Literacy Webinar! Register for free now!

A trending video has shown Nigerian billionaire Arthur Eze sharing $100 each to youths in his community.

It is still unclear what the occasion was, but Arthur Eze is rarely known for philanthropic gestures.

Arthur Eze, Anambra
Prince Arthur Eze Credit: National Archives
Source: UGC

Known for philanthropy

Many say the Anambra billionaire is preparing grounds for politics.

PAY ATTENTION: Subscribe to Digital Talk newsletter to receive must-know business stories and succeed BIG!

The video, shared by a Twitter user @Firstladyship, has elicited various responses, with many saying that Eze’s gesture has a political undertone and others reporting that he was trying to alleviate the hardship caused by the cash crisis in Nigeria.

Read also

Naira swap: Former lawmaker exposes politicians, explains why some are calling for extension of CBN's deadline

As of the time of writing, the amount of cash the billionaire doled out is unclear and amounts to money laundering.

Arthur Eze is an avowed supporter of President Muhammadu Buhari and his economic policies, which many say have impoverished many Nigerians.

Suppose the insinuation that Eze was trying to cushion the harsh effects of the current cash crisis is genuine. In that case, many say he may have run foul of the money laundering Act which prohibits spending foreign currencies other than the naira in the country.

Nigerians react

Nigerians have reacted to the video, with one person saying the billionaire is known for his philanthropy.

“Nahis normal lifestyle oooo. Arthur Eze Na Giver. Make we leave philanthropy for him!

@owolabitaiwo said that going by Eze’s gesture, it is safe to say there is more dollar in Nigeria than naira.

“Going by this, it should be safe and okay to say without debate that there is more $$$ in circulation than Naira.”

Read also

Intrigue as Woman Outsmarts Naira Scarcity, Creates Own ‘Currency’ to Spray at Party, See Video

@ninasteve007 said: “We have to start learning fast from these politicians.
1. Builder of men, yet If you have nothing upstairs, they can't choose you! So if they have nothing upstairs, REJECT THEM TOO!
2. They collect money for allocations and DO NOT USE IT! You, too, collect money and vote them out!”

Nigerian Prince Arthur Eze: His Net worth, business, private Jet

Recall that Legit.ng reported that on Monday, July 25, 2022, the news was rife that one of Nigeria’s billionaires, Prince Arthur Eze, had acquired a private jet, which adds him to the pool of jet owners in Nigeria.

The billionaire businessman joins the likes of Dangote, Oyakhilome, Oyedepo, and myriads of Nigerians who fly private jets in the country.

The acquisition of the jet by the billionaire further threw him into the limelight with essential questions about the man who hitherto was known but had relatively escaped public scrutiny for a long time.

Source: Legit.ng

Authors:
Pascal Oparada avatar

Pascal Oparada (Business editor) Pascal Oparada is a Mass Communications Graduate from Yaba College of Technology with over 10 years of experience in journalism. He has worked in reputable media organizations such as Daily Independent, TheNiche newspaper, and the Nigerian Xpress. He is a 2018 PwC Media Excellence Award winner. Email:pascal.oparada@corp.legit.ng