At least three banks were torched on Monday as protests over lingering scarcity of new and old naira notes rocked the Sagamu area of Ogun State.
The Police Public Relations Officer (PPRO), in the state, Abimbola Oyeyemi, confirmed the development to journalists in Abeokuta.
He said that Union Bank, First Bank and Keystone Bank branches were attacked by irate protesters on Monday.
“We are in Sagamu now. The place is seriously burning,” Oyeyemi said. “They attacked Union Bank and First Bank as well as Keystone Bank. We are there right now.”
Channels Television reports that similar protests broke out across states in Nigeria amid scarcity of new naira notes and petrol. Banks and Automated Teller Machines (ATMs) were vandalised by aggrieved citizens whose moneys are trapped in the banking system.
President Muhammadu Buhari last Thursday banned old N500 and N1,000 notes and extended the validity of old N200 notes till April 10, 2023 but at least 10 governors have approached the Supreme Court to step aside the directive of the President in the case set to hear on February 22.
The cash crunch and consequent riots come just a few days to the February 25 Presidential and National Assembly elections, spreading fears about the safety of voters on Saturday but the police and other security agencies have assured citizens of maximum safety amid the polls.