Commotion Erupts in Ondo as Residents Protest at CBN Over Rejection of Old Notes, Police Restores Normalcy

Commotion Erupts in Ondo as Residents Protest at CBN Over Rejection of Old Notes, Police Restores Normalcy

  • The southwest region of Nigeria has gone berserk due to the ongoing nationwide scrabble for the new naira notes
  • The city of Akure, the Ondo state capital, witnessed streams of angry protesters at the CBN premises in Alagbaka
  • It was gathered that they were protesting against the refusal of banks and businesses to collect the old naira notes

Ondo, Akure - Amid the continuous scarcity and scrabble for the new naira notes, residents of Ondo state trooped out in their numbers and gathered at the CBN annexe in Alagbaka, Akure, to protest the rejection of the old naira notes.

However, it was reported that police operatives came to the rescue to douse the tension as they surrounded the premise of the CBN annexe in the state to restore normalcy.

Police, CBN, Protest, Ondo state, Naira note
Operatives of the Nigerian police force were right on time at the CBN premises in Alagbaka, Akure-Ondo state, to restore normalcy. Photo: NPF HQ
Source: UGC

As reported by TheCable, it was gathered that the residents complained that commercial banks and business outlets in the state's metropolis reject old naira notes.

Residents recount ordeals

Recounting their ordeals in spending the old notes in the state, Emmanuel Adeniyi, a resident of Ondo state, said:

PAY ATTENTION: Join Telegram channel! Never miss important updates!

“The automated teller machines (ATM) of the commercial banks are still dispensing the old notes and they are rejecting the notes from us. What kind of impunity is that?"

Another protester who pleaded anonymity said:

“You can just imagine. The bank is not collecting the old notes from us. They directed us to go and deposit the money at the CBN office and it’s the reason why we are here right now.”
“Sadly, these banks are still dispensing old notes to us and they are not collecting the old notes by hand any longer. It’s just frustrating.”

Despite the Supreme Court ruling halting the CBN deadline, the apex bank has insisted that it would not be going back on its decision to enforce the discontinuation of the use of the old naira note on February 10, as stipulated.

CBN Entrance Blocked, Protest in Edo, Ondo as Naira Scarcity Bites Hard

Recall that reported that more pressure is being mounted on Godwin Emefiele, the governor of the Central Bank of Nigeria, over the continued scarcity of the new naira notes.

Protesters stormed the entrance of the annexe of the apex bank in Benin city, the capital of Edo state.

In Ondo state, it was a different ball game as youths hit the Ore highway leaving commuters and motorists stranded in heavy gridlock.

Nigerians Stage Protest at Banks Over Scarcity of New Naira Notes, as POS Operators Cash Out Big Time

Meanwhile, Nigerians have staged a protest at the headquarters of different banks over the scarcity of new naira notes.

They expressed displeasure with the attitude of banks to the Central Bank of Nigeria's guidelines for the new Naira notes.

Since the scarcity of the new notes worsened, PoS operators have raised their charges for cash withdrawals.


Online view pixel