Sat. Mar 2nd, 2024

Streams of protesters have stormed the premises of the Central Bank of Nigeria (CBN) protesting the scarcity of the new naira notes.

As reported by Daily Trust, some of the protesters were lamenting the refusal of commercial banks to change the old naira notes.
This happened after President Muhammadu Buhari’s national address on Thursday, February 16, where he declared that the N500 and N1000 old notes are no longer legal tender.
President Buhari, in his national address, noted that the old N200 denomination can still be in use for the next 60 days.
However, his decision has been criticised by his governors and kingsmen in the northern region. The likes of Governor Nasir El-Rufai of Kaduna state, Governor Abdullahi Ganduje of Kano state, Governor Yahaya Bello of Kogi state and a host of other governors of the All Progressive Congress (APC) have kicked against the President’s declaration.
Meanwhile, video images sighted on social media reveals that the crowd outside the premises of CBN office in Lagos could be summing up to a thousand.
The clips saw them ranting and raging in anger and looking ready to cause mayhem if not controlled by security operatives.
Meanwhile, the Lagos state commissioner of police, CP Idowu Owohunwa, has conducted an on-site assessment of the areas disrupted by violence. His visit came on the heels of the protest that erupted in the Mile 12 area of Kosofe local government. It was gathered that the protest started in the early hours of Friday, February 17, which according to reports, was caused by the persistent scarcity of naira.

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