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

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

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.