Friday, January 24, 2025

Protesters storm CBN in Ondo to exchange old notes

Some Nigerians still in possession of the old notes of N200, N500 and N100 notes on Tuesday morning stormed the Central Bank of Nigeria (CBN) in Akure, the Ondo State capital for cash swap.

Many said they have so many of the old notes in their possession.

Officials of the bank told the protesters to go to their respective Commercial banks to swap the notes.

READ MORE: Kwankwaso says naira redesign policy a mistake, vows to reverse it

But the protesters insisted they have been to their banks and were asked to return to the apex bank.

One of the protesters, Francis, said they were at the CBN at Alagbaka Akure because the commercial banks refused to collect the old notes from them.

Francis said he could not allow his money to become useless.

Policemen were drafted to the scene and after some minutes, some CBN officials informed the protesters the commercial banks have been contacted to begin the collection of old notes.

Hot this week

The Dynamics of Mind-Transforming Leadership and Its Relevance to Personal Growth

In an era characterized by rapid change and complexity,...

Subsidy Era Masked Nigeria’s Debt Crisis, Economic Realities – Taiwo Oyedele

Nigerians lived in an economy shrouded in “window-dressed realities”...

World Bank Debars Two Nigerian Firms, CEO for Corruption in $500m Welfare Project

The World Bank has banned two Nigerian firms, Viva...

South Sudan Blocks Social Media to Stem Tensions Over Sudanese Violence

South Sudan has imposed a 30-day social media access...

World Bank, AfDB Drive Mission to Electrify 300 Million Africans by 2030 at Africa Energy Summit

The World Bank and African Development Bank (AfDB) have...

Nigeria Deploys 10,000 New Police Constables for Community Policing

Nigeria has deployed 10,000 newly trained police constables to...

South Sudan Blocks Social Media to Stem Tensions Over Sudanese Violence

South Sudan has imposed a 30-day social media access...

MDCAN: Japa Syndrome’ Leaves Nigeria with Just 6,000 Medical Consultants

Nigeria’s healthcare system faces a deepening crisis as only...

The Dynamics of Mind-Transforming Leadership and Its Relevance to Personal Growth

In an era characterized by rapid change and complexity,...

Mozambique: Protests, LNG Delays Push Debt Crisis to Breaking Point

Mozambique’s financial crisis is escalating as the country’s debt...

The Cost of Drug Abuse: 14.3 Million Nigerians Affected, NAFDAC Warns

About 14.3 million Nigerians are affected by drug abuse,...

Nigerian Military Intensifies Onslaught on Bandit Leader Turji, Kill 24 Militants and Key Commanders

Nigeria's military has escalated operations against notorious bandit leader...

Streaming Giant Netflix Posts $1.87B Profit, 19M New Subscribers

Netflix ended 2024 on a high note, reporting 19...

Related Articles

Popular Categories