Business
Naira scarcity: Protesters attack Access Bank, First Bank branches in Abeokuta
There was pandemonium in Abeokuta, the capital of Ogun State on Tuesday, after angry customers vented their anger and frustration at two banks over their inability to access cash due to the scarcity of the redesigned naira notes.
The affected banks, Access and First bank branches located in different areas of the town, according to eyewitnesses, had to be closed hurriedly as the angry crowd destroyed property, and set them on fire.
READ ALSO: Naira scarcity killing most PoS businesses, AMMBAN cries out
Video footage shows the angry crowd throwing chairs and other items while a bloodied young man is seen calling for help, as another voice claimed the bleeding man had been shot.
The protesters are also seen in the video burning tyres on major roads at Panseke, Sapon and Oke-Ilewo area of the capital, while reports have it that the protests had extended to other areas in Abeokuta.
Witnesses say the rioting spilled into the streets where vehicles were burnt, leading to the invitation of security operatives to quell the riot and disperse the mob which led to gun shots.
-
Business6 days agoAbuja gears up for Jetour T2’s rugged-luxury experience
-
News5 days agoUK, Canada pledge closer cooperation on trade, defence and AI
-
Business1 week agoNigeria Business Outlook: Dangote IPO, markets, inflation and naira in focus this week
-
Business1 week agoDangote IPO rush crashes Bamboo login as investors flood platform
-
Business5 days agoTinubu’s economic reforms face public confidence test as cost-of-living crisis persists
-
Business6 days agoDangote: Petrol price gap fuels smuggling as Nigeria faces fresh pump price surge
-
Business3 days agoDangote Refinery IPO: Can small investors really make money from the shares?
-
Comments and Issues4 days agoWavy fuel prices and deepening cost-of-living crises in Nigeria


