Protesters block CBN gate in Benin

Edo Civil Society Organisations (EDOSCO), has blocked the main entrance of the Central Bank of Nigeria in Benin City, in protest over naira crunch.Information Guide Nigeria

TRIBUNE NIGERIA reports that the protesters had different placards with various inscriptions depicting their grievances.

These protesters blocked the Akpakpava axis of the road, leading to major gridlock at the city centre and its adjoining streets.

Speaking, the leader of the civil rights group and former Coordinator General of EDOSCO, Agho accused CBN of deliberately starving Commercial banks and POS operators in Edo of cash, having lured Nigerians to deposit all their old naira notes.

He said: “Sir, these are Nigerians ably led by the Edo Civil Society Organisations. We are here because Nigerians have started dying inside their houses.

“Since the day, you, Godwin Emefiele came up with the new policy of not being able to withdraw not more than N20,000 in the bank, you also said you have extended the date for expiration of the old naira notes from the 31 of January to 10 of February.

“In all of these, you are retrieving the old money and you refused to give us the new money. You said we should start using electronic means, ATMs, and POS.

“And you people failed to give the commercial banks the money to stock their ATMs, you people still didn’t allow the commercial banks to allow the money gets to the POS operators.NYSC portal

“As at today, we use N3,000 to buy N10,000 in Nigeria, this is not dollars anymore. We are now using naira to buy naira.”

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He called on the apex bank to step up its game to relieve the Nigerians of the state of the current hardship brought upon them by its policy.

Agho threatened that what they just started was just a peaceful show as they are coming back for more radical actions against the CBN branch in Edo State.

Responding to this, the Comptroller, CBN, Benin Branch, Mr Renner Jumbo pleaded with the people of Edo to be patient.

He assured them that machinery have been put in place to ease their suffering

“I want to tell you what we have done. We are not unmindful of what you are going through. As you are not seeing this naira so we are not seeing it too.

“We are pleading with you people to be patient. The money will circulate. We have pushed out the lesser denominations to cushion the effects of the hardship,” Jumbo said.JAMB Result

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