BREAKING: Heavy protest rocks Ifo over scarcity of new naira notes

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Commercial activities were on Friday paralysed as angry residents trooped out to protest the lingering scarcity of the new naira notes of N500, and N1000 in Ifo, Ogun State.

Franktalknow observed that the protest took place at Arigbajo, Abekoko, Bank bus – stop, Ifo Local Government area of Ogun State.

Residents who had been going to banks for withdrawal said they could not access their money.

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They were said to have become more agitated when the commercial banks refused to accept the old naira notes as deposits.

The protesters barricaded the Ifo road, causing heavy gridlock.

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With bonfires on the road, the people castigated the President Muhammadu Buhari-led government, accusing the All Progressives Congress (APC) of inflicting hardship on the masses.

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One of the protesters who pleaded anonymity lamented she does not have money to buy foodstuffs and her four children have not eaten as at the time of filing this report.

According to her, ” This is a problem, my four children are at home, they’ve not eaten. The painful aspect is that I don’t have foodstuffs at home.”

Recall that President Muhammadu Buhari has on Thursday extended the validity of the old N200 notes till April 10, 2023.

READ ALSO: New naira: Fighting erupts in Lagos 

 

 

The President said the old N200 notes will be in circulation with the new notes to ease the problem associated with getting new notes.

 

More details to come…

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