{"id":82572,"date":"2023-02-14T20:02:39","date_gmt":"2023-02-14T19:02:39","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/cash-crunch-protesters-shut-down-lagos-abeokuta-expressway"},"modified":"2023-02-14T21:21:09","modified_gmt":"2023-02-14T20:21:09","slug":"cash-crunch-protesters-shut-down-lagos-abeokuta-expressway","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/cash-crunch-protesters-shut-down-lagos-abeokuta-expressway","title":{"rendered":"Cash crunch: Protesters shut down Lagos-Abeokuta expressway"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Protesters on Tuesday shut the Lagos-Abeokuta Expressway at the Sango-Ota axis over their inability to withdraw money from Automated Teller Machines (ATMs).<\/p>\n

They made bonfires of disused tyres on both sides of the highway causing serious traffic gridlock.<\/p>\n

Some of the protesters told the News Agency of Nigeria (NAN) that the current cash crunch had created serious pains and agonising moments.<\/p>\n

The leader of the protesters, Mr Kazeem Sanni described the situation where bank customers could not access their money as unfortunate.<\/p>\n

He said it had been double jeopardy for bank customers as the banks would neither load their ATMs with money nor allow depositors into the banking halls to make withdrawals.<\/p>\n

CBN already instructed banks to load their ATMs with cash and to also allow depositors to withdraw a maximum of N20,000 across the counter.<\/p>\n

\u201cThe situation is really pathetic as this has grounded and paralysed business activities,\u2019\u2019 Sanni lamented.<\/p>\n

\u201cWe decided to demonstrate to show our grievances as we can no longer bear this hardship,\u2019\u2019 he stressed.<\/p>\n

He called on the CBN to urgently print more new notes and ensure that banks comply with its directives.<\/p>\n

A protester, Mr Rotimi Odubanjo, noted that the inability to withdraw money from banks had inflicted untold discomfort on the people.<\/p>\n

\u201cWe need the Federal Government to come to our assistance and ease this cash and fuel scarcity,\u2019\u2019 he said.<\/p>\n

He said the twin scarcity of fuel and money had crippled economic activities and was leading to hunger.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Protesters on Tuesday shut the Lagos-Abeokuta Expressway at the Sango-Ota axis over their inability to withdraw money from Automated Teller Machines (ATMs). They made bonfires of disused tyres on both sides of the highway causing serious traffic gridlock. Some of the protesters told the News Agency of Nigeria (NAN) that the current […]<\/p>\n","protected":false},"author":84,"featured_media":82571,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,9808,254],"class_list":["post-82572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-lagos-abeokuta","tag-nigeria"],"yoast_head":"\nCash crunch: Protesters shut down Lagos-Abeokuta expressway - Nigeria<\/title>\n<meta name=\"description\" content=\"Protesters on Tuesday shut the Lagos-Abeokuta Expressway at the Sango-Ota axis over their inability to withdraw money fr ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/cash-crunch-protesters-shut-down-lagos-abeokuta-expressway\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cash crunch: Protesters shut down Lagos-Abeokuta expressway\" \/>\n<meta property=\"og:description\" content=\"Protesters on Tuesday shut the Lagos-Abeokuta Expressway at the Sango-Ota axis over their inability to withdraw money fr ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/cash-crunch-protesters-shut-down-lagos-abeokuta-expressway\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-14T19:02:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-14T20:21:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/02\/postQueueImg_1676392370.94.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1152\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cash-crunch-protesters-shut-down-lagos-abeokuta-expressway#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cash-crunch-protesters-shut-down-lagos-abeokuta-expressway\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Cash crunch: Protesters shut down Lagos-Abeokuta expressway\",\"datePublished\":\"2023-02-14T19:02:39+00:00\",\"dateModified\":\"2023-02-14T20:21:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cash-crunch-protesters-shut-down-lagos-abeokuta-expressway\"},\"wordCount\":265,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cash-crunch-protesters-shut-down-lagos-abeokuta-expressway#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/02\/postQueueImg_1676392370.94.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"lagos\/Abeokuta\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/cash-crunch-protesters-shut-down-lagos-abeokuta-expressway#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cash-crunch-protesters-shut-down-lagos-abeokuta-expressway\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cash-crunch-protesters-shut-down-lagos-abeokuta-expressway\",\"name\":\"Cash crunch: Protesters shut down Lagos-Abeokuta expressway - 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