Fuel-Cash Scarcity: Protesters shut down major highways in Ibadan
Some residents of Oyo State on Wednesday blocked Eleyele and Sango roads in the Ibadan metropolis over the rejection of old naira notes by traders and motorists.
The demonstrations come as the Central Bank reiterated that old 200, 500 and 1000 denominations of the naira notes had ceased to be a legal tender as of February 10.
The protesters blocked Eleyele junction in the Ibadan North-West Local Government Area of Oyo State, causing heavy gridlock on the road.
On February 6, some residents in Ibadan protested against scarcity of fuel and new naira notes at the entrance gate of University of Ibadan.
On February 8, the Supreme Court ordered the suspension of the February 10 deadline set by the CBN to end use of the old notes as legal tender, pending the determination of a suit filed by three states against the Federal Government of Nigeria.
The Supreme Court, however, adjourned ruling on the suit till February 22, dashing hopes of many trapped Nigerians seeking a quick resolution to the monetary hullabaloo.
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
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.”
Showbiz
Pharrell Williams named Louis Vuitton creative director
In his new role, Pharrell will succeed Virgil Abloh who passed away in November 2021.
States
Cross River: Security agencies conduct ‘Show of Force’ ahead of polls
Commissioner of Police in Cross River, Sule Balarabe, told reporters in Calabar that the exercise was meant to show the agencies’ preparedness for the 2023 general elections.
NationWide
Inmates reintegration key to productive citizenry: NCoS boss
Mr Nababa called on well-meaning Nigerians to wholly accept the reformed citizens, patronise their businesses and desist from stigmatising them.
Ibadan
Commuters stranded as commercial drivers, Okada riders reject old naira notes in Ibadan
The situation forced some commuters to trek long distances to their respective destinations, while those who could not simply returned home.
Abuja
Okowa sues for calm amid naira scarcity riots
The governor’s appeal came on the heels of protests by some state citizens at Orhuwhorun community where a bank’s ATM gallery was reportedly torched.
Abuja
FCT minister vows to sanction filling station that records fire outbreak
The minister ordered that any filling station that recorded a fire outbreak would be sanctioned.
