“NO ELECTRICITY, NO VOTE,” SOUTH AFRICANS THREATEN TO SHUN RULING PARTY ANC. (PHOTO)

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 “No electricity, no vote,” South Africans threaten to shun ruling party ANC Residents in Katlehong, a township outside Johannesburg, have resolved to boycott South Africa's upcoming local elections on November 4 due to long-standing failures by authorities to provide basic services like electricity. For over 20 years, around 180 households in the community have relied on illegal electrical connections pulled from neighboring areas to power their homes. Angry over the lack of formal grid infrastructure, residents are directing their frustration at the ruling African National Congress (ANC). "We have made a collective decision: no electricity, no vote," said community leader Lesiba Rankapole, 59. "We know it is illegal, but we had no choice because we cannot live without electricity. Our children cannot progress without electricity." "I was born ANC, but today I do not want anyone to tell me about the ANC because I am suffering," added 57-year-old resid...
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ALL EYES ON A NIGERIAN MAN WHO DEPOSITED $500,000 CASH IN A NEW GENERATION BANK.(PHOTO).

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Nigerian Man Takes $500,000 Cash To Deposit In A Bank

A Nigerian man caused a stir in one of the new-generation banks when he went to deposit $500,000, approximately N200 million.

The picture of the unidentified man circulated on social media has left many asking 'God when.'

The picture was taken in an unknown bank in Nigeria and has left many bewildered about why such an amount of dollars would be hoarded or kept by an individual.

is not clear if the person had violated the money laundering act as Nigeria grapples with dollar scarcity which previously led to the crash of the naira.

A currency trader in Lagos, Ishaya Abdul, said that currently, there are so many dollars in the market. He said many forex traders are disposing of the dollars as the purported threats by the US swirl around. He said: "What is happening now is that most FX traders are releasing the dollars they have hoarded in the past. Right now, the dollar is crashing very fast."



 

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