Naira Swap: protests rock Ibadan, Warri and Benin as two people shots dead over new naria notes - The Insurance and Finance Scope <!-- tosinakinde_sidebar(1)_AdSense6_160x600_as -->

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Wednesday, February 15, 2023

Naira Swap: protests rock Ibadan, Warri and Benin as two people shots dead over new naria notes

                        

At least two persons have been confirmed dead in massive protests on Wednesday disrupted the flow of daily activities in three major cities; Ibadan in Oyo State, Warri in Delta State, and Benin in Edo state over scarcity of new naira notes and petrol.

Hundreds took to the streets of the three cities to express their anger over difficulties in getting petrol and the redesigned Naira notes.

In Ibadan, the capital of Oyo State protesters took to the streets in highly populated areas like Gbopa, Ologuneru, Apete, Sango, Poly road, Mokola and Iwo Road.
Transporters led the protests around the Eleyele/Ologuneru axis of the capital city.

The transporters said they were out in protest over the non-availability of cash, as well as, the rejection of the old N200, N500 and N1,000 notes by passengers and some fueling stations.

In a trending video on social media, market women are seen rolling on the floor, wailing over the effect of the cash crunch on their businesses in Warri.


Pandemonium, riot in Ibadan over new naira notes crisis (Videos, photos) -  P.M. News BREAKING: Protest rocks Ibadan over fuel and naira scarcity (Video) | Intel  Region

They appealed to the federal government and the Central Bank of Nigeria (CBN) to reconsider the policy.However, in Benin, at least two persons were reportedly shot dead during protests over Naira and fuel scarcity.

The protests turned bloody after security operatives reportedly opened fire on protesters, killing at least two on the spot.

One of the deceased protester was shot at central part in Ring Road, while the other was shot at New Benin area of the state. 

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