Top Story

Naira crisis: Violent protests rock Ogun again, two banks torched, 27 suspects nabbed

302

Violent protest over new Naira notes scarcity which swept Abeokuta, Ogun State capital about two weeks ago has spread to Sagamu area of the state with people believed to be bank customers vandalizing and torching two banks.

The affected banks are Union Bank and Keystone Bank.

Meanwhile, no fewer than 27 suspects have been arrested in connection with the protest which broke out in Sagamu on Monday morning.

According to the police spokesman in the state, SP Abimbola Oyeyemi, the suspects were apprehended at the bank locations and other parts of the town.

“27 suspects have been arrested in connection with the protest which broke out in Sagamu on Monday morning.

“Normalcy has been restored in greater parts of Sagamu now. CP Frank Mba is personally leading police teams and some military men to tackle the situation,’’ he said in a statement a copy of which was obtained by Persecondnews.

The angry youths including girls had blocked the roads leading to the banks after waiting for several hours without cash being dispensed to them and made bonfires thereby disrupting human and vehicular movements.

Shops, schools, offices and other banks hurriedly shut down as the riot spread.

Earlier on Sunday, the new Ogun Police Commissioner, Frank Mba, had threatened to deal with those trying to foment trouble in the state hiding under the current cash crisis.

According to him, there is intelligence report at the disposal of the command indicating that some criminal elements were planning to take advantage of the challenging economic situation to disrupt the peace being enjoyed in the State.

He spoke during a confidence-building patrol conducted by the Police and other security forces in the state, on Saturday, targeted at assuring residents of the resolve of the Command to protect lives and property, prevent breakdown of law and order, and improve public safety and security.

He, therefore, warned that the police would not fold its arms and allow persons with criminal intentions, to hide under any guise whatsoever, to unleash mayhem on residents, private and public property, and critical national infrastructure, including banks and offices of the Independent National Electoral Commission (INEC).

Mba assured that necessary security architecture has been emplaced to protect the peace loving people of the state.

He directed Area Commanders and Divisional Police Officers (DPOs) to arrest and bring to book any person or group wanting to foment trouble and cause breach of peace in the state.

In a related development, the Akarigbo of Remoland, Oba Babatunde Ajayi, has appealed for calm, saying efforts are on to continue to engage the Federal Government over the situation.

“I appeal to all to remain calm and peaceful as we continue to engage the Federal Government.

“This policy is not from the state or local government. Therefore, the destruction of lives and properties will only compound an already bad situation.

“I urge our people to continue to accept the old notes in line with the Supreme Court ruling. No person who accepts the old notes would lose out. I can assure you of that, and please hold on to that promise.”

“Further, I am also mandating all our market people to continue to accept the old notes. I hereby undertake that no one will lose out for possessing the old notes,’’ he said.

Leave a comment

Related Articles

Nigeria’s Power Minister Leads Delegation to Japan for Energy Collaboration Talks

By Joycelyn Ellakeche Adah The Minister of Power, Dr. Adebayo Adelabu along...

Gov. Adeleke stands firm, vows to conduct council polls despite AGF’s objections

Despite a directive from Attorney-General of the Federation (AGF) and Minister of...

Nigeria’s Central Bank Holds Interest Rate Steady at 27.50%

The Central Bank of Nigeria (CBN) has decided to hold all parameters...

32 years after, Babangida finally admits Abiola won June 12 presidential poll in new memoir

In a shocking admission, Nigeria’s former Head of State, retired General Ibrahim...

Dispute Over Seating Arrangement Creates Tension in Senate, Pits Akpoti-Uduaghan Against Leadership

Tensions flared in the Senate on Thursday as Senator Natasha Akpoti-Uduaghan clashed...

US Ambassador to Nigeria, Richard Mills, denies USAID funding of Boko Haram

In a bid to clear its name, the United States has denied...

USAID terrorism financing allegations: Senate summons security chiefs

Amid the swirling controversy surrounding US Congressman Perry Scott’s allegations that the...

Microsoft Invests $1m in Nigeria’s AI Ecosystem, Targets 1 Million Nigerians for Training

In a significant boost to Nigeria’s Artificial Intelligence (AI) ecosystem, tech giant,...

Pres.Tinubu Pays Tribute to Late Clark, Hailing Him as Courageous Leader

President Bola Tinubu has expressed deep sadness over the passing away of...

Just in: Renowned Nigerian Statesman Edwin Clark Passes Away at 97

Chief Edwin Kiagbodo Clark, a prominent Nigerian statesman and leader of the...

FG to US: Adhere to established protocols in deporting 85 Nigerians

By Daniel Okejeme with agency report As the gale of deportation continues...

Angolan President João Lourenço Takes Helm as African Union Chairperson

Angolan President João Lourenço has been elected as the new chairperson of...

Anambra accident: Cement-laden truck crashes into building, leaving five dead, others injured

A tragic accident occurred at the Area Command Bus Stop in Nnewi,...

Just in: Afenifere leader, 96-year-old Ayo Adebanjo exits

Pa Ayo Adebanjo, leader of Afenifere, a pan-Yoruba socio-cultural organization, has died...

FG Launches ‘Power Rangers’ to Protect Power Installations

Nigeria’s Minister of Interior Olubunmi Tunji-Ojo has announced the inauguration of a...

Breaking: National Assembly passes 54.9trn 2025 budget

The National Assembly has approved a record-breaking N54.9 trillion federal government’s budget...

Nigeria Partners Google to Harness AI for Digital Economic Growth

Nigeria is exploring a strategic partnership with Google to advance artificial intelligence...

NNPCL Chief, Kyari, Unveils Strategic Priorities for Africa’s Sustainable Energy Development

Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum...

Five months after cabinet reshuffle: Tinubu orders ministers to render account of stewardship

President Bola Tinubu has directed his ministers to provide an immediate account...

Just in: CBN Introduces New ATM Transaction Fees Effective March 1

The Central Bank of Nigeria (CBN) has announced a review of transaction...