Riots have broken out in three Nigerian cities, in response to a cash shortage just days before the country’s general election.
Since the central bank began exchanging old bills of the local naira currency for new ones, there has been a shortage of banknotes in Nigeria, resulting in a shortage of physical cash.
Due to a shortage of the new notes, banks have limited access to cash for withdrawals, and some businesses refuse to accept old naira, causing long lines, angering consumers, and disrupting commerce.
The disturbance in the cities of Ibadan, Benin City, and Delta State in Nigeria’s south-southwest occurred days before the country’s 25 February elections to choose a successor to President Muhammadu Buhari, who would step down after two years.
Crusoe Osagie, a spokesman for the governor of Edo State, said that in Benin City, protests erupted when police prevented rioters from attacking the local branch of the national bank.
“The criminals then began assaulting and vandalizing banks. Additionally, they obstructed roadways and forced businesses to close “he stated.
The APC did not answer promptly. During the campaigns for next week’s election, the APC and PDP have constantly traded claims about cash shortages.
During the commotion, there were no early reports of fatalities or injuries.