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Protesters set 2 banks on fire in Sagamu over naira scarcity

There’s a protest in Ogun State over the scarcity of naira notes in Nigeria, with report that commercial banks were set on fire in the Sagamu area of the state.

In videos which went viral on Monday, February 20, 2023, it could be seen how residents of the affected area were watching as Union and Keystone Banks were set on fire, as some youth were holding planks and show of demonstration.

Th Informant247 observes that there have been series of demonstrations across the country over the cashless policy which has brought pain and hardship upon the people of the country.

While reacting to the development, a user of Twitter, @arranowanna wrote, “Kindly advise your friends, families and acquaintances to avoid any protests. Take your frustration to the ballots on Saturday. Don’t burn banks, don’t burn petrol stations, don’t burn government properties.”

Another user of the micro blogging platform @morningstar_305 wrote, “I just put a call through to the house and it was confirmed to me that keystone bank and union bank at ijoku has been set ablaze by angry citizens.”

Pooja, wrote, “If you are in Sagamu, be careful cos there is a protest on new naira notes.”

Efforts to reach the spokesperson of the state police command, Bola Oyeyemi were not successful as at the time of filing this report, as there was no response to calls made through and texts sent to him.

The President on Sunday, February 19, 2023 acknowledged that he’s aware of the pain and the inconvenience that the policy has brought upon the people, reaffirming that the policy was for the common good of the people and the development of the economy.

The commander-in-chief of all armed forces made this appeal in a video recording from Ethiopia where he graced the just concluded summit organised by the African Union.

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