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Fear In Sagamu As Protesters Burn Banks Over Naira Scarcity

Newsbreak by Newsbreak
1 month ago
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Fear In Sagamu As Protesters Burn Banks Over Naira Scarcity
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Some protesters, on Monday, attacked and burnt three commercial banks in Sagamu, Ogun State, over the naira scarcity occasioned by the naira redesign policy of the Central Bank of Nigeria (CBN).

In some videos shared on social media and seen by Newsbreak Nigeria, the protesters burnt tyres and other materials on the road.

The incident occurred along the Akarigbo-Sabo Road.

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The police spokesman in the state, Abimbola Oyeyemi, who confirmed the incident, said that Union Bank, First Bank and Keystone Bank branches were attacked by the protesters.

President Muhammadu Buhari last Thursday banned old N500 and N1,000 notes and extended the validity of old N200 notes till April 10, 2023.

 

 

Tags: Naira RedesignNaira ScarcitySagamu
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