Videos online show two banks have been set on fire in the Sagamu area of Ogun State as protests over the naira shortage flare up once more.
In the videos posted on Monday, it could be seen that many locals were present as the Keystone and Union banks were set on fire, with some young people holding planks in protest.
The Lagos-Ibadan Expressway was blocked by many residents in the Mowe-Ibafo neighborhood of Ogun State last Friday in protest of the problems and hardships brought on by the persistent scarcity of the naira.
Reacting to the development, a Twitter user, @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, @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.”
While popular tweep, Pooja, wrote, “If you are in Sagamu, be careful cos there is a protest on new naira notes.”
Meanwhile, on Thursday last week, the President, Muhammadu Buhari in a national broadcast had said the old N500 and N1,000 notes were no longer legal tender in the country, however extending the validity of the old N200 note for 60 days, till April 10, 2023.
The state Police Public Relations Officer, Bola Oyeyemi, could not be reached as at the time of filing this report, as phone calls to his line were not responded to.