Protest Rock Yenagoa Over Cash Crunch.

Hundreds of women and youths protested in Yenagoa over the scarcity of the redesigned Naira notes and the rejection of the old five hundred and one thousand Naira currencies.

The protesters from Akenfa town in the Bayelsa State capital blocked the Yenagoa-Mbiama Road, causing gridlock and a halt to socio-economic activities in the area for several hours.

The Protesting women and youths took to the Streets of Yenagoa in the Akenfa axis of the Bayelsa State capital as they carried placards with various inscriptions, chanting solidarity songs in the process.

Protest Rock Yenagoa Over Cash Crunch.

The aggrieved residents of the Akenfa community, a suburb of Yenagoa, said they were facing untold hardship over the unavailability of the newly redesigned currencies and the rejection of the old five thousand and one thousand Naira notes by traders and transporters.

Some said the situation had made it difficult for them and their families to feed and meet their essential obligations as their businesses had suffered losses due to the cash crunch.

They urged the Federal Government and the Central Bank of Nigeria to see their plight and take measures to address the situation.

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Significant roads into the Bayelsa state capital were blocked during the protest, grounding vehicular movements as commuters had to trek long distances to their destinations.

Checks at the banks also indicate that the crowds have continued to increase despite some commercial banks issuing the old five hundred and one thousand Naira notes, with customers alleging that some have rejected deposits of the old currencies.

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