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Angry residents set another bank ATM on fire over Naira scarcity

Angry residents set another bank ATM on fire over Naira scarcity

An Automated Teller Machine (ATM) has been set on fire by residents after it ran out of cash. The ugly incident occurred at Idi Araba in Lagos.

The Lagos State Police Public Relations Officer (PPRO), SP Benjamin Hundeyin confirmed the development via his verified Twitter handle, @BenHundeyin on Wednesday morning.

Hundeyin who didn’t name the affected bank said the fire has been put off and banking activity resumed at the bank.

He said, “Somewhere in Idiaraba this morning, some individuals got angry that an ATM ran out of cash and set fire to the machine. The nearest police patrol was despatched to the scene. Fire has been put out, crowd put under control and normal banking activities have resumed”.


Recall that there had been protests in some parts of the country our the current Naira redesign policy of the Central Bank of Nigeria (CBN) that saw the old N500, N1000 notes ceased being a legal tender.

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