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Business News of Thursday, 9 February 2023

Source: thenationonlineng.net

Banks shut operations in Ondo

Ondo State Ondo State

Commercial banks have shut operations in Akure, the Ondo State capital.

All banks The Nation visited at Oba Adesida road and Alagbaka were under lock and key.

Some customers were seen waiting in front of some the banks

One of them Jimoh said he was at the bank as early as 7:30am.

Jimoh said the bank’s security personnel informed them that the banks were shut due to fears of attacks.

In Ikare-Akoko, Akoko Northeast local government area, banks were also not opened for businesses.

Ikare-Akokos serve as the commercial nerve of the four local government areas in Akokoland.

Farmers and traders who came to Ikare for banking transactions from distant places like Ikakumo Afin Ipesi Igasi.and Eriall were disappointed.

A businessman, Sunday Omogboye, who came from Ikakumo to collect money said many people were suffering in the villages due to lack of cash.

Another customer in Akure said he was at the bank due to the Supreme Court ruling on the CBN cashless policy.