Angry protesters burn down banks in Delta over crippling naira scarcity

Some irate protesters on Wednesday set ablaze some commercial banks in Warri, Delta state over the persisting scarcity of the redesigned naira notes.
Videos seen by Peoples Gazette showed a burning First Bank building and at least three ATMs already destroyed by the angry demonstrators.
A signpost bearing the name and elephant logo of First bank was also vandalised in the chaotic protest.
Another video showed thick puffs of smoke billowing near an Access Bank facility with demonstrators scattered across the street. They also erected barricades on the roads to block passage of cars and vehicles.
Union Bank on Udu road in Warri was not exempted as aggrieved youths unleashed violence on the bank’s facility in frustration of the scarce new notes.
Campaign billboards for PDP’s Atiku Abubakar and David Okowa’s presidential bid were angrily defaced by the protesters.
Sirens that signalled the arrival of security agents did not faze the protesters who remained defiant and made no attempt to flee.
Spokesman for the Delta State Police Command, Bright Edafe, says nine persons have been arrested for the arson and vandalism of the banks.
“In UDU LGA of Delta State, some unguided youths/miscreants in the name of protest have set two banks and two vehicles ablaze. We have arrested nine suspects so far.”, Mr Edafe wrote in a tweet. “Some persons will still call this protest.”
The Supreme Court on Wednesday adjourned until February 22 the hearing of a suit that sought a restraining order on the Central Bank of Nigeria (CBN) to stop the full implementation of the naira redesign policy.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

NationWide
Nigerians demand broader public engagement on constitutional review
The stakeholders said such engagement was imperative to enable the citizens to make informed contributions on the constitution review.

World
Crew flees container ship after fire in latest Hormuz attack
The crew members had moved to a rescue ship, UKMTO said, citing a ship security officer and military authorities.

Hot news Home top
Ukrainian drone attacks kill one, set Russian refinery ablaze
Residential buildings and an industrial facility were damaged in the attacks, Mr Fedorishchev said on Telegram, without providing further details.

Economy
Experts urge improved electricity, vocational training as Nigeria’s textile output rises 45%
They urged the federal government to sustain the momentum through modern production facilities, affordable financing, and stable electricity.

Hot news Home top
Four children, one other die in Cross River landslide
CR-SEMA confirmed the casualties during a rapid assessment of the affected community on Saturday.

States
Gov Bago inaugurates school projects in Niger
Mr Bago described the intervention as critical, saying it complemented his administration’s commitment to expanding access to quality education.





