BREAKING: More Troubles As Banks Suspend Operations (DETAILS)

BREAKING: More Troubles As Banks Suspend Operations (DETAILS)

To avoid further protester attacks, commercial banks in Abeokuta, Ogun State, refused to open for business on Thursday.

Residents were outraged after a shortage of naira banknotes and a rise in the price of petrol at the pump.

The protests erupted on Tuesday, with shootings and vandalism of public and private property.

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Protesters destroyed automated teller machines (ATMs) at various points throughout the state capital, making banks the target of attacks.

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One person was shot during an attempted robbery of a First Bank branch in Sapon, even as protesters clashed with police in the area.

On Wednesday, the chaos subsided, allowing many banks to provide bare-bones services.

On Thursday, however, virtually all banks in Abeokuta closed their doors, despite long lines at ATMs.

A bank official who asked that her name not be mentioned for fear of reprimand, said: “We are also going through a lot, even as bankers. We shouldn’t be the target of any protest. As I speak with you now, all of us are in our houses until further notice and that is how it will remain because this sit-at-home order is an indefinite one by our management.

“Even if we are asked to resume at a time that I find not safe, I will rather resign.”

Residents of the state capital are now in a difficult situation because they have no way of getting money.

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