BREAKING: Violent Protest Erupts Across Nigeria Over Shortage of Cash As Emefiele Ignores Mass Suffering
- Round of protests have broken out in several states across the country, including Oyo, Delta, and Edo.
- The protest is over the scarcity of the new N200, N500, N1,000 notes and rejection of the old naira bills
- This comes less than two weeks after residents of Ibadan, Oyo State took to the streets in protest against the hardship triggered by the naira notes swap
Angry youths in some states in Nigeria on Wednesday, February 15, have pretested the naira policy of Central Bank of Nigeria.
As a result of the scarcity of Naira notes that has forced many businesses across the country to shut down, the youths set fire to one of the branches of Access Bank.
This was captured in viral videos showing the angry youths protesting around Udu road axis disrupting the vehicle movements and destroying valuable properties in the area, The Cable reports.
While sharing the video via his Twitter page, a witness, @sabiboiharry said, “Breaking! Massive protest ongoing in Warri, around Udu road axis, over the CBN’s order to stop old Naira as legal tender. Access Bank on fire.”
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The states where protests have broken out include Oyo, Delta, and Edo, over the scarcity of the new N200, N500, N1,000.
Here is another video of protests:
Zenith Bank closed headquarters, and branches over fear of attacks, lack of new naira notes, customers lament
Legit.ng reported that Zenith banks closed some of its branches in some parts of Lagos, and Abuja against desperate customers seeking cash payment.
The Central Bank of Nigeria's (CBN) cash swap policy for commercial banks and agents is expected to end on February 10, 2023.
It is not only the branch that has shut its gates, two other new generation banks as early as 9 am left customers stranded.
2am at the ATM, see people: Watch video of hundreds of Nigerians queueing up to withdraw money
In another report, Nigerians now sleep in various Bank Automated Teller Machines (ATM) locations in order to make withdrawal of new notes from the bank ATMs.
In a new video shared on Facebook, a man who took the video narrated how he saw hundreds of people at different ATM machines on queues around 2am.
Reports have it that many people have been forced to queue up to five hours to make withdrawals, which could not exceed N20,000 daily.