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SocialMediaTrends: More on sit-at-home order in S’East and reactions trailing new CBN policy

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Self-acclaimed disciple of Nnamdi Kanu-led Indigenous People of Biafra (IPOB), Simon Ekpa, has ordered his followers to boycott social and commercial activities from 9 to 14 of December.

It was gathered that Simon Ekpa made the order to deter members from collecting Permanent Voter Cards (PVC).

There was a twist later in the day as IPOB dissociated itself from the planned sit-at-home order in the Southeast.

Reacting to the now-trending development, many alleged that some agents were sponsoring Ekpa to create “insecurity and unnecessary hardships” in the region.

See how Nigerians are reacting:

Read Also: SocialMediaTrends: Drama trails expulsion of Doyin Okupe from Ogun Labour Party. See other stories

CBN policy

Following the media disclosure of the new withdrawal policy by the Central Bank of Nigeria (CBN) on Tuesday evening, the Nigerian social media space erupted.

In the update, the CBN limited weekly cash withdrawals over the counter to N100,000 for individuals and N500,000 for organisations regardless of their size.

Withdrawal at POS terminals has also been limited to N20,000 per day for individuals.

The directive, which comes as the CBN prepares to effect a change of naira notes in circulation, will take effect from January 9, 2023.

The new regulation has drawn criticism from some Nigerians who see it as censorship on people’s spending habits.

See how Nigerians are reacting:

…By Hamzat Rasheed

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