Friday, April 26, 2024

Banks close down as protests rock Kogi over new notes scarcity

Some of the banks affected include GTB, Unity, Zenith, Access, and Unity Bank, situated along IBB Way, which shut down for the day.

• February 8, 2023
Commercial banks in Kogi
Commercial banks in Kogi

Some commercial banks in Kogi closed down on Wednesday when customers staged peaceful protests over their inability to access money for daily use.

In Lokoja, customers, in their droves, picketed the banks to either change the daily narration of “no money” or close down.

Some of the banks affected include GTB, Unity, Zenith, Access, and Unity Bank, situated along IBB Way, which shut down for the day.

A customer, Ibrahim, told journalists that their protest stemmed from the allegations that banks refused to give or dispense the redesigned naira notes to customers in flagrant disobedience to the Central Bank of Nigeria (CBN)’s directive.

“You can see how angry most of us are, and it’s just for a singular reason that we can’t access money that we can use to feed our families.

“Today, we have decided that no official of First bank, GTB, Unity, Zenith, Union and Access banks will be allowed to enter his/her offices to work,” he said.

The protester, however, said the officials would only access their banks upon the assurance that customers would receive money.

Another protester, Jummai, said, “it serves them (banks) right today, coupled with the punishment they have been giving us over our own money that we kept with them.”

Reacting on condition of anonymity, a GT Bank official described the situation as “very unfortunate”.

She expressed concern over the wrong notion customers hold against commercial banks regarding the non-availability of the new naira notes.

“What our customers don’t know is that the money we get for our daily transactions is not always enough to go around them.

“As it’s now, we have no option than to stay away from the office today since the customers are tensed and have locked us out,” she lamented.

The situation is different at Polaris, UBA, Eco and Fidelity banks along the same IBB Way, which were opened to customers for business.

It was gathered that the few banks, to some extent, tried to dispense cash to their customers compared to those picketed. 

(NAN)

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

Katsina State

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.”

President Bola Tinubu

NationWide

Nigeria positioned to power clean energy Future: Tinubu

Mr Tinubu expressed his firm commitment to improve the developmental partnership between the European Union and Nigeria.

Malaria vaccine

Africa

Benin, Liberia, Sierra Leone roll out malaria vaccines

With the announcement on World Malaria Day, the number of African countries incorporating the vaccines into their childhood immunisation programmes increased to eight.

suleja prison

NationWide

Group urges FG to decongest custodial centres after Suleja jailbreak

”We also call on the public to pay more attention to issues concerning corrections in Nigeria.”

PDP

Politics

PDP unveils 200-member campaign council for Edo 2024 guber election

The advisory council has seven eminent members of the state. 

ECOWAS

Africa

ECOWAS moves to tackle drug abuse in Sierra Leone, other countries

ECOWAS said the workshop was also to support efforts to tackle drug abuse and provide resources and strategies for member states, particularly Sierra Leone. 

Third Mainland Bridge

Lagos

FG to resume resurfacing of Third Mainland Bridge: Official

She said that the exact dates for the renewed construction would be announced soon.