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

Nasarawa Marks International Women’s Day, Calls for Greater Investment in Women

The Nasarawa State Government has called for sustained investment...

Kogi NUJ Correspondents’ Chapel to Hold 2026 Press Week in Lokoja

The Correspondents’ Chapel of the Nigeria Union of Journalists...

DWI defends Ribadu, faults Ishola Williams’ call for security overhaul

Democracy Watch Initiative, DWI, has strongly criticised recent remarks...

EFCC Arraigns Man Over Alleged ₦9.87m Theft in Lagos Court

By Francis WilfredThe Economic and Financial Crimes Commission...

Senator Nora Daduut Announces Passing of Sister Emelia Adakole

Former Plateau South Senator and Nigeria’s Ambassador to South...

Wike Warns Makinde, Don’t Ignite a Fight You Cannot Finish

By Joyce Remi - BabayejuThe FCT Minister, Barr. Nyesom...

SGF Inaugurates PenCom Board, Emphasises Transparency and Accountability

By Wilfred FrancisThe Secretary to the Government of...

EFCC Arraigns Man Over Alleged ₦9.87m Theft in Lagos Court

By Francis WilfredThe Economic and Financial Crimes Commission...

EFCC Investigates Man Over Alleged ₦19.9m Visa Fraud in Enugu

By Wilfred FrancisThe Economic and Financial Crimes Commission...

APC Leaders Urge Unity, Grassroots Mobilisation at South-South Summit in Asaba

Governors Hope Uzodimma of Imo State and Sheriff Oborevwori...

ADC Stakeholders Back Mohammed Abdullahi for Nasarawa Governorship, Urge Unity Ahead of 2027

Stakeholders of the African Democratic Congress (ADC) in Nasarawa...

Media Rights Group Condemns Alleged Assault on Journalist by Police in Bauchi

Media Rights Agenda (MRA) has condemned the reported assault...

Related Articles

Popular Categories

spot_imgspot_img