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

INSPIRATION: Do Not Let Life Define You

With Mary EwaThough bashed, pained, rejected, and even abandoned,...

INSPIRATION: When Sleep Escapes the Soul

With Mary EwaIf God did not create sleep for...

TCN Tower Vandalized on Gombe–Damaturu 330kV Line, Disrupting Power Supply to Northeast

By Jabiru HassanThe Transmission Company of Nigeria (TCN) has...

ALSTDI Commends President Tinubu for Extending Adebomehin’s Tenure, Hails Progress in Geospatial Intelligence and National Mapping Reforms

….Says extension reflects confidence in performance and continuity….Urges Surveyor-General...

KOSIEC Releases Timetable for 2026 Kogi Local Government Elections

By Noah Ocheni, LokojaThe Kogi State Independent...

BAVCCA urges Nigerians to defend Dangote Refinery

President of the Bloggers and Vloggers, Content Creators Association...

INSPIRATION: The Family: The Forgotten Powerhouse of Civilization

By Mary EwaFamily — the smallest yet most powerful...

INSPIRATION: Seeing Myself in the Light of Now

By Mary EwaTechnology is the wealth of the twenty-first...

PenCom mulls reintroduction of gratuity as pension assets hit N25trillion

By Ogenyi Ogenyi, UyoThe National Pension Commission, PenCom, has...

Security Operatives Question NDDC MD Over Alleged Coup Financing

By our correspondentThere is palpable tension at the headquarters...

ALSTDI Commends President Tinubu for Extending Adebomehin’s Tenure, Hails Progress in Geospatial Intelligence and National Mapping Reforms

….Says extension reflects confidence in performance and continuity….Urges Surveyor-General...

ALSTDI Commends Tinubu for Extending Adebomehin’s Tenure, Praises Geospatial and Mapping Reforms

….Says extension reflects confidence in performance and continuity….Urges Surveyor-General...

The Global Governance Initiative and the Quest for a Multipolar World

By Prof. Udenta O. UdentaThe world is changing, and...

Related Articles

Popular Categories

spot_imgspot_img