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

Expert Warns Against Antibiotic Abuse, Calls for End to Self-Medication

A consultant endocrinologist, Dr Grace Senbanjo, has warned Nigerians...

Blackout as National Grid Collapses

Nigeria was plunged into widespread darkness on Monday following...

2027 Nasarawa Governorship: Barade Movement Urges Dr. Musa Ahmed Muhammed to Contest

By Abel Zwanke, LafiaA socio-political group, the Barade 2027...

Why I Switched From Music to Comedy – Klint Da Drunk Opens Up

Popular Nigerian comedian Afamefuna Klint Igwemba, widely known as...

TCN End-of-Year Message Highlights Landmark Power Sector Reforms, Infrastructure Growth

By Jabiru HassanThe TCN end-of-year message delivered by the...

Akurueulo Awards to Debut in 2026 to Recognise Igbo Mentorship-Based Entrepreneurship

By Jabiru HassanThe Akurueulo Awards will debut in 2026...

EFCC Arraigns Malami, Wife, Son Over Alleged N8.7bn Money Laundering in Abuja

By Francis WilfredThe Economic and Financial Crimes Commission (EFCC)...

Gov Mutfwang Launches Legacy Scholarship Scheme, Sends 200 Plateau Students to India

By Israel Adamu, JosPlateau State Governor, Caleb Mutfwang,...

EFCC Arraigns Bauchi Finance Commissioner Over Alleged N5.7bn Money Laundering

By Francis WilfredThe Economic and Financial Crimes Commission (EFCC)...

Humanitarian Minister Bernard Doro Rallies Support for Tinubu in Plateau State

By Israel Adamu, JosThe Minister of Humanitarian Affairs and...

Near-Death Stories: Celebrities Who Escaped Death on Nigerian Roads

Road accidents remain one of the deadliest hazards on...

Expert Warns Against Antibiotic Abuse, Calls for End to Self-Medication

A consultant endocrinologist, Dr Grace Senbanjo, has warned Nigerians...

Related Articles

Popular Categories

spot_imgspot_img