Naira Scarcity: Lagos Police Disperses Protesters, Restores Normalcy, Reveals Next Line of Action

Naira Scarcity: Lagos Police Disperses Protesters, Restores Normalcy, Reveals Next Line of Action

  • The Lagos state commissioner of police, CP Idowu Owohunwa, has conducted an on-site assessment of the areas disrupted by violence
  • His visit was on the heels of the protest that erupted in the Mile 12 area of Kosofe local government
  • It was gathered that the protest started in the early hours of Friday, February 17, which according to reports, was caused by the scarcity of cash

Lagos, Kosofe - The Lagos state police command says it has restored normalcy in the Mile 12 area of Kosofe local government following a violent protest that ensued in the early hours of Friday, February 17.

Legit.ng had earlier reported that the protest was triggered by the constant scarcity of the new naira caused by the newly implemented policy of the Central Bank of Nigeria (CBN) to redesign the naira.

Read also

Naira swap: Tinubu's APC ally issues threat to mega-stores for rejecting old notes

Police, Lagos, Protest
SP Benjamin Hundeyin revealed that normalcy has been restored in parts of Lagos where violence was perpetrated. Photo: @BenHundeyin
Source: Twitter

Confirming the state of the protest in Lagos, the command spokesperson, SP Benjamin Hundeyin, via a tweet sighted by Legit.ng said normalcy had been restored in all areas where violence erupted following an on-the-spot assessment by the state commissioner of police, CP Idowu Owohunwa.

The tweet reads:

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"CP Idowu Owohunwa at Mile 12 to have an on-the-spot assessment of the situation.
"Other parts of Lagos State were equally visited.
‘Trouble makers will surely be dealt with while law abiding citizens will be protected."

Nigerians Stage Protest at Banks Over Scarcity of New Naira Notes, as POS Operators Cash Out Big Time

In another development, Nigerians have staged a protest at the headquarters of different banks over the scarcity of new naira notes.

Read also

Naira scarcity: Hundreds of aggrieved Nigerians take over CBN in Marina, Lagos to swap notes

They expressed displeasure with the attitude of banks to the Central Bank of Nigeria's guidelines for the new Naira notes.

Since the scarcity of the new notes worsened PoS operators have raised their charges for cash withdrawals.

Commuters Stranded as Protesters Block Lagos-Benin Expressway Over Fuel Price Hike, Scarcity

Meanwhile, aggrieved citizens have expressed their anger towards Nigeria's leader over the current shortage of fuel in major states across the federation.

The angry citizens showed their pain by blocking the Lagos-Benin Expressway, leaving commuters and motorists stranded.

However, Bola Tinubu earlier said that some strong elements working under Buhari's government want to use the fuel and new naira notes scarcity to scuttle the 2023 elections.

Source: Legit.ng

Authors:
Segun Adeyemi avatar

Segun Adeyemi (Current Affairs and Politics Editor) Segun Adeyemi is a journalist with over 9 years of experience as an active field reporter, editor, and editorial manager. He has had stints with Daily Trust newspaper, Daily Nigerian, and News Digest. He currently works as an editor for Legit.ng's current affairs and politics desk. He holds a degree in Mass Communication (Adekunle Ajasin University). He is a certified digital reporter by Reuters, AFP and the co-convener of the annual campus journalism awards. Email: segun.adeyemi@corp.legit.ng.