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Crisis in Ogun state as residents protest scarcity of Naira notes

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Some residents of Ogun state on Friday, February 17, took to the streets to protest in the lingering scarcity of Naira notes. The protesters who couldn’t hide their frustration barricaded the Mowe end of the Lagos-Ibadan Expressway and turned back motorists and travelers.

The rioters also set bonfires on the highway causing a serious traffic gridlock. Motorists including travelers and commercial buses that normally ply the road were forced to turn back.

President Muhammadu Buhari had yesterday in a broadcast declared only old N200 as legal tender along with the new N200, N500 and N1000, but banning the old N500 and N1000.

Similarly, there was protest in some parts of Lagos today over naira crisis.

However, the Supreme Court had temporarily declared all old currency legal tender pending the hearing on February 22, after some state governors sued the federal goverment.

This has further aggravated already tension in many states, as the notes continue to be scarce.

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