Cash crunch: Angry mob set fire on two banks in Sagamu
Angry youths, yesterday, threw the ancient town of Sagumu, Ogun State into chaos, in protest against naira scarcity. The protest, which began in front of the palace of the Akarigbo of Remoland, Oba Babatunde Ajayi, spread to other parts of the town, leading to burning of two commercial banks in the area.
The Guardian gathered that the irate youths, who set fire on the banks located at Ijoku area of Sagamu, also barricaded the Sagamu-Benin expressway and prevented human and vehicular movement.
A youth leader in the town, Kayode Segun-Okeowo, described the act as a “motivated destruction and not a protest.”
“This is not a protest. I’m a comrade and I understand the ABC of protest. It’s motivated to cause destruction. Those behind this must stop.”
MEANWHILE, the Akarigbo of Remo, Oba Babatunde Ajayi, has called for calm. A statement signed by the Oba read: “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 life and property 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.”
Recall that the youths also barricaded Mowe axis of the Lagos-Ibadan expressway, last Friday, over naira scarcity.