Tuesday, June 6, 2023

Naira Scarcity: Protest Hits Sagamu Ogun State, Bank Set On Fire (Video)

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Pandemonium in Sagamu, Ogun state as angry mob takes to the street, set bank on fire over the current naira scarcity rocking the whole country.

Sagamu Protest

According to a video currently trending across social media, Sagamu resident came out massively to kick against the CBN cash swap policy. The irate mobs are seen roaming the streets in large numbers, blocking roads and burning tyres to express their grievance.

READ ALSO: Portable Rants After Being Sprayed Dummy Currencies At A Show (Video)

It was also reported that an unknown bank has been set ablaze by the angry mob. Movement to and fro the city has been restricted as major roads are barricaded with burning tyres.

Recall that President Muhammadu Buhari on Thursday has declared the old 500 and 1000 naira notes no longer legal tender. This decision led to massive protest in different parts of the country as people with the old naira notes are left stranded.

Addressing the situation, Ogun state governor, Dapo Abiodun had assured Ogun residents that both the old and new naira notes will remain legal tender. He went a step further by threatening to persecute  any business rejecting the old notes.

This has done little to solve the crisis engulfing not only Ogun state but the whole country at large. With people resorting to violence to expressed their grievances, the question on everyone’s lips is what will become of the Presidential election which is only few days away.

Trending video of the day;

Photo Credit: Getty

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