Due to their inability to use automated teller machines to withdraw money, protesters on Tuesday forced the closure of the Lagos-Abeokuta Expressway in the Sango-Ota axis (ATMs).
On both sides of the highway, they created bonfires out of discarded tyres, seriously clogging up traffic.
The current cash shortage has caused major sufferings and agonising times, some demonstrators told the News Agency of Nigeria (NAN).
The situation where bank customers could not access their money was termed as regrettable by the demonstrators’ leader, Mr. Kazeem Sanni.
He claimed that bank customers were in double danger because the banks wouldn’t let depositors use their ATMs to make withdrawals or let them deposit money in the banking rooms.
The Central Bank of Nigeria (CBN) has already given banks the go-ahead to stock their ATMs with cash and permit depositors to withdraw up to N20,000 cash at the counter.
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The scenario, Sanni remarked, “is extremely tragic because it has grounded and paralysed commercial activities.”
He insisted, “We can no longer take this misery, therefore we decided to demonstrate to show our frustrations.
He demanded that the CBN create additional fresh notes right away and make sure that banks follow its instructions.
Mr. Rotimi Odubanjo, a protester, observed that the people had experienced great discomfort as a result of not being able to withdraw money from banks.
We need the Federal Government to help us and relieve the cash and fuel shortage, he remarked.
He claimed that the simultaneous lack of fuel and money had crippled economic activity and was causing starvation.
