x

Protesters block CBN entrance in Edo over new naira crisis

A civil society group in Edo State, Edo Civil Society Group led by Comrade Agho Omobude on Tuesday blocked the main entrance of the Central Bank of Nigeria in Benin City over the scarcity of the naira notes which has brought suffering to millions of Nigerians.

As a result of the protest, vehicles coming into the Ring Road through Akpakpava were forced to go through Igun Street to Sokponba before linking up with Ring Road.

The protesters called on the appropriate authority to make the new naira notes available to reduce the suffering of Nigerians who are presently going through hell to access their money, while urging the CBN to start giving out N100, N50 and N20 notes if the new notes were not available.

Omobude said the naira swap policy at this time was a deliberate attempt by the central bank governor, Godwin Emiefele, in connivance with the Federal Government to subject the masses to untold hardship.

He vowed that the group would remain at the entrance of the bank until the head of the central bank, Benin branch, came out to address them on the situation, adding that it was inhuman to continue to allow Nigerians to remain in this suffering.

Omobude narrated that the CBN in Edo and the Civil Society Organisation reached some agreements before they (Civil Society Group) left the bank’s gate about 1pm.

He said, “We are tired of the crisis the shortage of the new naira note is causing. People are suffering and we say no to it. We reached an agreement with the CBN to disburse the smaller denominations across the counter with each customer getting N20,000.

“They also told us that the new notes should be made available and disbursed across the counter and through the Automated Teller Machines in all the banks.

“They have also accepted to include members of the Civil Society Organisations in the monitoring team set up by the apex bank to ensure monies given to banks are disbursed,” he added.

Hot this week

CSO’s kicks against media trial of Chief Judge, Justice Tsoho

*Says, any misconduct allegation must first be referred to...

FG Pledges Action on Environmental Challenges in Oil-Producing Communities

By Francis WilfredThe Federal Government has reaffirmed its...

APC Praises Kogi Governor Ododo’s Performance, Receives ₦100m Support for Tinubu

The All Progressives Congress (APC) has commended Kogi State...

Kogi Receives NEPZA License for Ajaokuta Economic City Free Trade Zone

From Noah Ocheni, LokojaThe (NEPZA) has officially issued the...

Olukoyede Warns Real Estate Managers against Money Laundering

By Francis WilfredThe Executive Chairman of the (EFCC), ,...

Mercy Johnson-Okojie and Daughter Purity Lead Girls Tag: Advancing Women’s Empowerment Through Period Care

Across Nigeria, conversations about gender equality and women’s empowerment...

Policie nab child abductor in A’ibom

By Ogenyi Ogenyi,UyoThe Police in Akwa Ibom has arrested...

Bayelsa NUJ Commends Diri’s Appointments, Seeks Urgent Action on Power Supply

The Nigeria Union of Journalists (NUJ), Bayelsa State Council,...

CBN RATE CUT OF 26.5: VOICES, UPSETS AND PROSPECTS

Adefolarin A. OlamilekanArguably, the latest 26.5% Central Bank of...

COCSON Defends Umahi, Urges Due Process in Sowore Confrontation

The Coalition of Civil Society Organisations in Nigeria (COCSON)...

Senate Rejects Opposition Call to Amend Electoral Act 2026

The Senate has dismissed calls by opposition leaders for...

Related Articles

Popular Categories

spot_imgspot_img