Man Who Saved Bundles of Money With Him Cries Out As Fire Burns it, Emotional Video Goes Viral
- A man was spotted crying in a video after a fire burned the bundles of naira notes he had saved with him
- The man saved physical cash, but there was a fire incident which burnt the money and rendered it unusable
- After the video went viral, some people pitied the man and advised him to take the money to the bank
A Nigerian man who saved physical cash is currently in distress as the money was burnt.
The man was spotted weeping profusely as he rummaged through the ashes to bring out the burnt money.
Source: TikTok
In a video posted on TikTok by @ig.shehu5, the man held bundles of naira notes and showed them to the camera.
It could be seen that the money, mostly in N1000 denominations, was burnt and could not be used again.
It is not clear if he kept the money at his shop or at the house, but the fire damaged many things in the building.
Some people who saw the video told the man to quickly take the money to the bank, saying it could be collected from him.
Speaking to on the sad development, a banker, Benny Digitals, told Legit.ng that saving money at home was not safe.
He said:
"I do believe banks, and especially deposit money banks, are safer. Just the fact that money in the banks is insured by NDIC. Your money at home aren’t insured. Also the CBN is a strict regulator of banks in the sense that they monitor banks, and except in severe cases, if a bank is going towards a path of distress or any sort, the CBN takes over the bank and builds it up for new buyers, which in turns protects customers money and makes it safer than keeping it at home."
However, Benny said people save money at home when they lack trust in the financial system.
His words:
"People save their money at home because of lack of trust in the financial institutions and lack of knowledge in the precautions CBN has put it in place."
Watch the video below:
Reactions as fire burns man's money
@ORE OFE SAA said:
"Take it to bank only they would remove commission."
@chioma Sonia446 said:
"Take it to bank, they just need the serial numbers on it they will give u new ones, so sorry dear."
@Dee_Why001 said:
"Take it to CBN they will give you new note."
@samj said:
"Make we contribute ₦100 per person maybe e go reduce the lost."
@RASHFORD COMICS said:
"If you know say na only the money dey pain you gather here."
@jennyfairchild2 said:
"I don’t why people keep money in the house, wen we have bank."
@King Oshin said:
"My mom too burnt her money in her old bag 25k 2009…he pain me die."
Lady saves money in piggy bank
In a related story, a Nigerian woman who saved money for seven months broke her piggy box and showed the amount she saved
The woman said she started saving the money in January and broke the piggy box in September
When she broke the piggy box, she discovered that she had saved N4,220,000, and she was happy with her efforts.
Proofreading by Nkem Ikeke, journalist and copy editor at Legit.ng.
Source: Legit.ng
