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Youths destroy POS stand amid protest over Naira scarcity (Video below)

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2 years ago

February 15, 2023

Angry residents have gone on rampage in Warri, Delta state as a result of the scarcity of new Naira notes.

Youths staged a protest in the state following the inability to get cash and in the process, they damaged some Point of Sale (POS) terminals.

A video which surfaced online shows the protesters destroying a POS stand because they claimed the operators are extorting them amid the naira shortage.

Prior to the scarcity, POS operators charged N100 for N5,000 withdrawn but they now charge as much as N1500 for same amount to be withdrawn.

According to reports, some POS attendants said the reason for the increase was so that they could make their money back as they purchase the new Naira notes from some bankers as well as filling station station attendants.

Watch video below:

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The Atiku Abubakar Presidential Campaign Organization alleged that the All Progressives Congress (APC), Presidential candidate, Asiwaju Bola Ahmed Tinubu is the one behind naira scarcity.

In a statement by spokesperson, Kola Ologbondiyan, Friday, the Peoples Democratic Party (PDP), PCO described Tinubu as the real enemy of Nigerians insisting that “Tinubu is the mastermind of the new naira notes crunch who had made the people suffer untold hardship ever known in our national history”.

The statement read in part; “It is indeed despicable that Tinubu, knowing that he has been exposed of being criminally responsible for the biting cash crunch on Nigerians, is seeking to divert public attention from his heinous crime by criticizing Atiku Abubakar’s widely applauded patriotic call for the extension of currency swap deadline.

“Our campaign challenges the APC Presidential Candidate to come clean on allegations that he has been using his various criminal Special Purpose Vehicle (SPV) Companies as well as fraudulent officials in some APC-led States to intercept and mop up cash to the detriment of millions of Nigerians.

“In the desperation to cover his tracks, Tinubu, in his elements, as the Nigerian “Artful Dodger”, has mounted a campaign of calumny against the Federal Government on the scarcity of the naira while secretly intercepting and diverting the notes for his selfish use.

“It is despicable that the Tinubu Campaign will be engaged in the activities that are responsible for the scarcity of the naira, for which Nigerians are suffering untold distress, yet he mounts the soap box to create the impression that he is the champion of the people.”