Queues stretched outside the banks of Lagos on May 4 as people waited to hand in their invalid bank notes.
1. GV United Bank of Africa with queues outside (4 shots) 0.26
2. SVs Policemen and soldiers deflating tyres (2 shots) 0.37
3. SV Car owner arrested by officers 0.47
4. SV Car tyres being deflated 0.54
5. CU Abandoned vehicles being crushed 0.56
6. SVs Car being towed away and lifted on to truck (4 shots) 1.27
7. CU Major Oladimeji, chairman of task force, speaks (SOT) 1.44
8. CU ZOOM OUT Petrol filling station with 'no petrol' notice (3 shots) 1.48
9. GV Closed stores (3 shots) 1.58
SPEECH TRANSCRIPT (SEQ. SEVEN): OLADMEJI: "The aim and aspiration of the task force is to rid metropolitan Lagos of junks and abandoned vehicles."
Script is copyright Reuters Limited. All rights reserved
Background: LAGOS, NIGERIA
Queues stretched outside the banks of Lagos on May 4 as people waited to hand in their invalid bank notes. Nigeria's military rulers ordered the currency changeover as part of an anti-corruption campaign. The old notes had to be deposited in banks before May 6. After that date, new bank notes would be issued. But Nigerian banking sources have since conceded that an acute shortage of the new currency existed. On May 15, it was reported that there were still queues outside banks, with some people so short of cash they were going hungry. Before the currency changeover, petrol stations and food prices dropped. few people were able to obtain cash with which to purchase goods. The military government of General Muhammad Buhari took power when the civilian administration of President Shehi Shagari was overthrown on December 31, 1983. Since then, Buhari has instituted a number of reforms, announcing on May 7 an austerity budget for 1984 which government spending by 15 per cent and reduced imports. A tough new press law was published in April, giving the government the power to close radio stations and newspapers. Buhari also turned his attention to cleaning up the streets of Lagos, creating a task force to remove all abandoned cars from the city. Offending vehicles were towed away and crushed. Major Oladimeji was given charge of this mission.
Source: LATOLA FILMS, LAGOS