₦airaland Forum

Musty112:
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Enapesunday:
Banks in Lebanon have implemented informal capital controls amid the ongoing economic crisis, effectively freezing savings.


A hostage standoff in which a gunman demanded a Beirut bank let him withdraw his trapped savings has ended with the man’s surrender and no injuries.

Authorities say 42-year-old Bassam al-Sheikh Hussein entered the Federal Bank in Beirut’s bustling Hamra district with a shotgun and a canister of gasoline and threatened to set himself on fire unless he was allowed to take out his money.


After hours of negotiations, he accepted an offer from the bank to receive part of his savings, according to local media and a depositors group that took part in the talks. He then released his hostages and surrendered.

Hussein was holding at least six bank employees hostage, according to an official, who spoke on condition of anonymity in line with regulations earlier on Thursday.

He had fired three warning shots, according to the official. Local media reported he has about $200,000 stuck in the bank.

PerfectStranger:
I pity those who put all their life savings in the bank. Naira is getting useless by the day and I no trust naija.

Them fit wake one morning announce to freeze people’s account

MrBrownJay1:
people in Lebanon are suffering, their economy is tanking and now that their money is blocked in the bank, its a matter of time before their money will be devalued and everyone will loose their money (unless they can take it out of the bank and change it into foreign currency before the devaluation).

everybody is now doing this after some dude in January managed to get his $50K from the bank after taking hostages and saying he was gonna blow the bank (he was prosecuted afterwards but he already had his money back so didnt care). the dude named Abdullah Al-Saii is now a local legend.