Amidst Naira Scarcity, Ogun Gov Threatens to Shutdown Banks Rejecting Old Notes
By Kaosara Olayemi Oladimeji
The Ogun State Governor, Dapo Abiodun, has threatened that any commercial bank in the state that rejects old naira notes will be shut down.
This comes after reports of some banks, individuals, and business operators in the state rejecting old naira notes as legal tender following the expiration of the February 10 deadline announced by the Central Bank of Nigeria.
Governor Abiodun spoke on Tuesday while addressing market traders at Itoku Kampala market in Abeokuta as part of his re-election campaign.
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He criticized the banks for not accepting old naira notes since the new naira notes were not yet available and urged them to accept the old notes to ease the suffering of the people.
He also called for calm and assured the people that his government was working hard to resolve the situation.
However, commercial activities were paralyzed on Tuesday as angry residents protested against the lingering scarcity of the new naira notes of N200, N500, and N1000, at Sango-Ota, Ado-Odo/Ota Local Government area of Ogun State.
The protesters barricaded the Joju junction of the Idiroko-Ota road, causing heavy gridlock, and accused the All Progressives Congress (APC) of inflicting hardship on the masses.
It was reported that the people became more agitated when the commercial banks refused to accept old naira notes as deposits. Policemen were mobilized to secure banks and their workers in Sango-Ota.