Naira Scarcity Protest: Delta Police Arrest 9 Over Attacks On Banks

Naira Scarcity: Angry Warri Youths Attack First Bank, Burn Access Bank
Customers stage protest in Warri, Delta state, 15th February, 2023

Officers of the Nigeria Police Force, Delta State Command, have arrested at least 9 suspects in connection with burning of two commercial banks in Warri on Wednesday.

Prime Business Africa earlier reported that some angry youths in Warri, Delta State, on Wednesday, set blaze some branches of Access Bank and Union Bank while protesting against the persisting scarcity of new Naira notes that has affected many businesses across the country.

READ ALSO: Naira Scarcity: Angry Warri Youths Attack First Bank, Burn Access Bank

Join our WhatsApp Channel

Videos that have now gone viral show the angry youths protesting around the Udu road axis disrupting vehicular movements and destroying valuable properties in the area.

The protest was said to have been caused by the inability of the banks’ ATMs to dispense the new naira notes while they have started rejecting the old notes.

Police Public Relations Officer of the Delta State Command, SP Edafe Bright, confirmed that nine suspects had been arrested so far.

“Two banks were set ablaze, Access and Union banks, and two vehicles also. Nine suspects so far arrested,” Edafe said.

Commercial banks stopped accepting deposits of old naira notes on Monday, apparently acting on instruction of the CBN, which is insisting on the February 10 deadline it set after extending it from the earlier 31st January.

Peter Okoye, PBA Journalism Mentee
+ posts

Featured Stories

Latest from Business

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

NGX Records Sluggish Growth As Market Cap Rises By N9.12bn

Trading was sluggish in the Nigerian Exchange (NGX) on Monday, February 2, as the all-share index (ASI) expanded slightly by 14.23 basis points. The ASI closed at 165,384.63 index, up from the 165,370.4 ASI reported on Friday, January 30. Consequently, the market
Femi Otedola Issues New Statement After Reports Of Transcorp Plc Acquisition

Femi Otedola’s Investment In First HoldCo Now N362.48bn

Femi Otedola, the chairman of First HoldCo, has increased his stake in the financial institution by 6.32 percent, from 11.8 percent held at the end of 2024 to 18.12 percent as of December 31, 2025. In the company’s unaudited consolidated and separate
Cholera
Previous Story

Cholera Outbreak Kills 17 In 2 Ebonyi Communities

Next Story

Buhari Felicitates Mama Olubisi Osinbajo At 90 

Don't Miss

Obi, Kwankwaso ‘Partnership’ Will Be Formidable For 2023 Presidential Election – Mbamalu 

Publisher of Prime Business Africa, Doctor Marcel Mbamalu has described
37 Dead As Torrential Rain, Flash Flood Batter South Korea

After Maiduguri, Floods Hit Anambra’s Anam Community

Barely one month after flood ravaged parts of Maiduguri, the