Home Metro Calm restored at Mile 12 after unrest over naira scarcity

Calm restored at Mile 12 after unrest over naira scarcity

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Calm has been restored at the Underbridge axis of the popular Mile 12 market in Lagos State after earlier unrest over the scarcity of new Naira notes, on Friday.

Chaos broke out at one of the garages after street urchins and bus drivers engaged in an altercation over the lack of new naira notes.

Our correspondent who spoke to a Hausa food merchant, Hassan, reported that the fracas was limited to the garages but “area boys” blocked the Mile 12 section of the Ikorodu Road, extorting commuters in the process.

Hassan further confirmed that food merchants went about their various businesses despite the dispute.

In order to quell the crisis, the Lagos State Police Command dispatched a team of operatives who shot in the air as residents scampered for safety.

This was further confirmed by the Lagos State Police Public Relations Officer, Benjamin Hundeyin, via his Twitter handle.

Responding to a tweet asking the PPRO to confirm the situation, Hundeyin replied, “ It is true. Our men are there. Reinforcement units have been deployed. Stay safe out there as we closely monitor and manage the situation.”

Earlier, President Muhammadu Buhari had directed the Central Bank of Nigeria (CBN) to release old N200 notes into circulation to co-exist with new N200, N500, and N1,000 banknotes for 60 days.

He, however, said old N500 and N1,000 banknotes are no longer legal tender in Nigeria.



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