JUST IN: Nigerian Man Cries out after Using N100k to Buy Dollars and Converting it to Pounds, Shares Outcome

A Nigerian man, Moshood Kayode Badejo, is in tears after losing about N9k while trying to make money off the exchange rate crisis. Data from FMDQ showed that on Friday, February 23, the naira depreciated against the US dollar at NAFEM by about 6%, or N94.19, to close at N1,665.50/$1, compared to the N1,571.31/$1 rate the previous day....READ FULL ARTICLE

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In light of the exchange rate disparity, an X influencer, Osaretin Victor Asemota, advised people to buy US dollars, change to British pounds and then convert to naira.

Without hesitation, Moshood jumped on the advice and bought US dollars with N100k. He got $61.85 with N100k and converted it to pounds, which gave him £47.88.

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When Moshood converted the pounds to naira, he got N91,595. Displeased, he took to X with a screenshot of the transaction and tackled Victor, who gave the advice.

At the time of this report, Victor has deleted his earlier tweet where he gave the advice but it could still be seen in another he made mocking Moshood for taking his advice....READ FULL ARTICLE

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See the tweets below:

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