Banking

Naira scarcity: Banks shut in Edo over attacks

Banks in Benin, the Edo State capital on Thursday, halted their services to customers over the destruction of some of their facilities on Wednesday.

A NAN correspondent, who went round some commercial banks in Benin metropolis, observed that they were under lock and key.

NAN observed that security guards were manning the gates of banks while efforts to get official response from some of the banks proved abortive as officials declined comments.

A few bank customers who were seen outside some of the bank premises, lamented their inability to withdraw cash.

A bank customer, Peter Idahosa, while expressing displeasure over the vandalism, noted that the innocent citizens would be the ones to suffer more.

“We know people are angry that they cannot access their hard-earned money from the banks, but it is very unfortunate that banks’ facilities were destroyed.

“This situation of the banks not working will worsen the present cash crunch in the state,” he said.

Point of Sale (PoS) agents in the city centre also shut down their operation, due to attacks on their facilities as well as lack of cash to give to customers.

READ ALSO: Naira scarcity: Protesters raze, destroy banks in Edo, Delta, 3 killed

NAN reports that some angry residents on Tuesday took to the streets to protest their inability to make withdrawal from banks, Automated Teller Machines (ATMs), and PoS.

Some of the protesters in the process, attacked and destroyed bank facilities, including ATMs and vehicles.

Four persons allegedly lost their lives during the protest which lasted for several hours across some major roads in the state.

Some of the banks attacked include United Bank for African, Unity Bank, Polaris Bank, Access Bank, Zenith Bank, First Bank, and some microfinance banks.

NAN also reports that banks along Ugbowo Road, Akpakpava Road, and Sakpoba Road were mostly attacked by the angry protesters.

However, the Nigeria Police Force has commenced show of force across the major street within the Benin metropolis.

Also, security agents comprising Police, NSCDC, and Army have taken over the Central Bank of Nigeria (CBN), office, and its adjoining roads.

The Akpakpava Road leading to the CBN office was barricaded with restriction of movement around the area.

The Star

News Agency of Nigeria

Recent Posts

Security, education top as Tinubu presents N49.7tn 2025 ‘restoration budget’

President Bola Tinubu, on Wednesday, December 18, 2024, presented a total budget of N49.7 trillion…

1 hour ago

Tinubu presents 2025 budget, says time for lamentation over

President Bola Tinubu has reassured Nigerians of the administration’s commitment to tackling the various challenges…

3 hours ago

Adeleke to pardon man sentenced to death for stealing fowl in Osun

Osun State Governor Ademola Adeleke has promised to pardon a resident of the state, Segun…

4 hours ago

NUC approves marketing, anatomy, 8 other programmes for KWASU

The National Universities Commission (NUC) has approved 10 new programmes to be run by the…

5 hours ago

Woman gets N500,000 reward for returning FG’s N748,320

The Katsina State Government has rewarded a woman, Amina Abdulkadir-Yanmama, with N500,000 for returning N748,320…

5 hours ago

Tight security in NASS as Tinubu sets to present 2025 budget

Security has been beefed up at the National Assembly complex ahead of the presentation of…

5 hours ago

This website uses cookies.