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Naira Scarcity: Two Banks Burnt As Protest Rocks Ogun Again



The naira shortage has sparked protests in Ogun State once more, with footage online depicting two banks being set on fire in the Sagamu region of the state.

Videos that were circulated on Monday showed a large number of locals watching as the Keystone and Union banks were set on fire, with some young people holding boards in protest.

READ ALSO: Naira Scarcity: CBN Confiscated, Didn’t Swap Currency – El-Rufai

On Friday last week, Objectv Media had reported how protest erupted in the Mowe-Ibafo area of Ogun State, with many residents blocking the Lagos-Ibadan Expressway in protest of the woes and hardship caused by the lingering scarcity of the naira.

Reacting to the development, a Twitter user, @morningstar_305 wrote, “I just put a call through to the house and it was confirmed to me that keystone bank and union bank at ijoku has been set ablaze by angry citizens.”

Another user, @arranowanna wrote, “Kindly advise your friends, families and acquaintances to avoid any protests. Take your frustration to the ballots on Saturday. Don’t burn banks, don’t burn petrol stations, don’t burn government properties.”

While popular tweep, Pooja, wrote, “If you are in Sagamu, be careful cos there is a protest on new naira notes.”

The old N200 note’s validity was extended for 60 days, or until April 10, 2023, by President Muhammadu Buhari on Thursday of last week during a national broadcast. Nevertheless, the old N500 and N1,000 notes were no longer recognized as legal cash in the nation.

At the time this report was filed, Bola Oyeyemi, the state police public relations officer, was unreachable since neither phone calls nor text messages were returned to his line.



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