Violent protest has again erupted in Sagamu area of Ogun State over the naira scarcity that has remained unabated.

It was gathered that the violence broke out as early as 8am on Monday as a result of alleged stoppage of the  banks’ operations with Automated Teller Machines  reportedly not dispensing cash since last week.

With bonfires, the protesters barricaded the Sagamu-Benin expressway preventing human and vehicular movements.

The Akarigbo of Remo, Oba Babatunde Ajayi, has called for calm. A statement from the palace read, “I  appeal to all to remain calm and peaceful as we continue to engage the Federal Government.

“This policy is not from the state or local government. Therefore, the destruction of lives and properties will only compound an already bad situation.

“I urge our people to continue to accept the old notes in line with the Supreme Court ruling. No person who accepts the old notes would lose out. I can assure you of that, and please hold on to that promise.”

“Further, I am also mandating all our market people to continue to accept the old notes. I hereby undertake that no one will lose out for possessing the old notes.”

On Friday last week, it was reported that protest erupted in the Mowe-Ibafo area of Ogun State, with many residents blocking the Lagos-Ibadan Expressway in protest of the woes and hardship caused by the lingering scarcity of the naira.

Meanwhile, President Muhammadu Buhari in a national broadcast last week Thursday had said the old N500 and N1,000 notes were no longer legal tender in the country. He however extended the validity of the old N200 note for 60 days, till April 10, 2023.

The state Police Public Relations Officer, Bola Oyeyemi, could not be reached as at the time of filing this report.


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