Naira Scarcity: Ogun traditional ruler turned back from banking hall

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Central Bank governor, Godwin Emefiele, said last week that the bank will continue to accept the phased-out naira notes at its offices...

Mr Adeyemo had arrived at the bank, located opposite the secretariat of Nigeria Union of Journalists , Oke-Ilewo, Abeokuta, and met a large crowd of restive customers waiting to withdraw cash.

After about 30 minutes of waiting, the embarrassed traditional ruler walked back to his sport utility vehicle and was driven out of the premises. They later forced their way into the premises, which forced some officials of the bank to come out to inform them that there was no cash to be dispensed.The customers, which included some women breastfeeding babies, embarked on a mild protest, vowing not to leave the premises until they collect money.

Large crowds were seen in many banks in the Ogun State capital but most of the financial institutions were not dispensing cash, leaving their customers frustrated.

 

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Naira Scarcity: Yobe governor orders state-owned bank to open branches in every local councilThe governor said the move will help spread banking services to rural areas of the state. Yobe can fund that now? If you can secure your state and makes it attractive they will come in droves And that is how Nigeria Airways, the Refineries, the steel companies etc collapsed. Businesses should be left to make business decisions
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