x

Banks Burnt As Another Protest Rocks Ogun State Over Naira Scarcity

Again, protest has erupted in Ogun State over the naira scarcity, with videos online showing two banks set on fire in the Sagamu area of the state.

The videos shared on Monday showed many residents watching as Keystone and Union banks were set ablaze with some youths holding planks in protest.

According to a credible source, Union Bank, First Bank and Keystone Bank branches were attacked by protesters on Monday.

He, however, said policemen have been deployed to the area to quell the situation.

“We are in Sagamu now. The place is seriously burning,” Oyeyemi said. “They attacked Union Bank and First Bank as well as Keystone Bank. We are there right now.”

Similar protests broke out across states in Nigeria amid scarcity of new naira notes and petrol. Banks and Automated Teller Machines (ATMs) were vandalised by aggrieved citizens whose moneys are trapped in the banking system.

President Muhammadu Buhari last Thursday banned old N500 and N1,000 notes and extended the validity of old N200 notes till April 10, 2023 but at least 10 governors have approached the Supreme Court to step aside the directive of the President in the case set to hear on February 22.

The cash crunch and consequent riots come just a few days to the February 25 Presidential and National Assembly elections, spreading fears about the safety of voters on Saturday but the police and other security agencies have assured citizens of maximum safety amid the polls.

Hot this week

CACOL Commends Federal Government for Removing Nigeria from FATF Grey List

By Jabiru HassanThe Centre for Anti-Corruption and Open Leadership...

Plateau Government Reaffirms Support for NYSC’s Rural Health Initiative in Jos East

By Israel Adamu, JosThe Plateau State Government has reaffirmed...

Awful and Outplayed – Why Arne Slot Must Look Inward to End Liverpool’s Slump

Liverpool manager Arne Slot blamed tactical adjustments from opponents...

Police dismantle illegal firearms factory in A’ibom

By Ogenyi Ogenyi,UyoAn illegal firearms fabrication factory located in...

How Nigeria Can Fight Back

Chidozie Douglas AcholonuNigeria’s insurgents have moved from machetes and...

Kaduna Gov Uba Sani Spends N8.2bn to Revive Abandoned Kabala–Costain Road Project

By Achadu Gabriel, KadunaGovernor Uba Sani of Kaduna State...

Kaduna: Christian Parents Devise Unusual Tactics to Prevent Kidnapping Amid Rising Bandit Attacks

By Achadu Gabriel, KadunaAmid increasing bandit attacks and abductions...

Wike Set to Kick Criminals out of Abuja

... As Area Councils Get Additional Divisional Police ...

INSPIRATION:WHEN TRUTH TOOK A BACK SEAT

By Mary EwaWe are in a world running low...

FG Reaffirms Support for Wushu Development, China-Nigeria Sports Collaboration

By Lucy OmakpoThe Federal government has reaffirmed its support...

Related Articles

Popular Categories

spot_imgspot_img