Ogun State Again, protest has erupted over the naira scarcity, with videos online showing two banks set on fire in the Sagamu area of the state.

The videos shared on Monday showed many residents watching as Keystone and Union banks were set ablaze with some youths holding planks in protest.

On Friday last week, The PUNCH had reported how protest erupted in the Mowe-Ibafo area of Ogun State, with many residents blocking the Lagos-Ibadan Expressway in protest of the woes and hardship caused by the lingering 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, Major General Muhammadu Buhari (retd.), 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 as well as text messages.

Watch the video below…

Protest In Sagamu Over Naira Scarcity

Protests erupted in Sagamu, Ogun State, over the scarcity of naira notes in the country on Monday morning. pic.twitter.com/mSefFhUpFy

— Punch Newspapers (@MobilePunch) February 20, 2023