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Home Featured

Again, Ogun Boils Over Naira Scarcity, Banks Burnt

by ReportersAtLarge
February 20, 2023
in Featured, Metro
Reading Time: 1 min read
0
Ogun State protest over naira scarcity
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Again, protests have 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.

REPORTERS AT LARGE recalls that on Friday last week, a 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.

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

Another 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 have been set ablaze by angry citizens.”

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

Meanwhile, on Thursday last week, the President, Major General Muhammadu Buhari (retd.), in a national broadcast had said the old N500 and N1,000 notes were no longer legal tender in the country, however extending the validity of the old N200 note for 60 days, till April 10, 2023.

The state Police Public Relations Officer, Bola Oyeyemi, could not be reached when filing this report, as phone calls to his line were not responded to nor text messages.

Tags: BREAKING NEWSNairaOgun State News Today
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