Reports reaching the media indicate that less than 24 hours
to the governorship election scheduled to hold on Saturday, December 5,
in Bayelsa state, has caused cash crisis in banks across the
metropolis.
New Telegraph reports on Thursday, December 3, that most residents in the capital city, Yenagoa, are having hectic time getting cash from the banks following the panic withdrawals that accompanied the gubernatorial poll.
It was gathered that there is a massive cash insufficiency in most of the banks, and no official statement or reason have been issued by any of the affected banks.
A manager in one of the new generation bank in the state capital, who spoke on condition of anonymity, said the cash shortage may have been caused by the huge withdrawals by government officials and politicians ahead of the election. The banker also attributed the cash crunch to the rumoured public holiday that is expected to take place today, December 4.
“We have been witnessing huge and massive withdrawals since the beginning of the week and it became heightened today as more customers trooped to the banks to withdraw.
“My colleagues in other banks are also complaining of a similar predicament, because most of us have run out of cash, we have to seek assistance either from Port Harcourt or Owerri, to buffer our vaults.
“You know that at times like these, people engage in panic withdrawals, but I really do not see any reason for this. It could be because of the rumour that there will be public holiday today,” the bank manager said.
Meanwhile, New Telegraph correspondent reportedly witnessed huge crowds at two new generation banks situated on the busy Melford Okilo Road, where customers besieged available ATM machines.
Reports also have it that residents living in Sani Abacha/Swali/ hospital road might not have a swell time casting their votes tomorrow following the road blocks mounted by fierce looking policemen stationed at the roundabout connecting the three roads.
It was also observed that many motorists were compelled to park their vehicle and walk long distance to link hospital road, especially those heading towards Swali market road because of the Independent National Electoral Commission (INEC)’s office that is located on the road.
However, the supervisor in the logistics support group at the INEC office who spoke to newsmen said all non-sensitive election materials have been disseminated to the local councils except in Nembe, where he said there were security issues.
Bayelsa state governorship election which is slated for tomorrow is mainly between two powerful politicians and renowned parties. The battle to gain the seat of the oil rich state is mainly between the incumbent Governor, Seriake Dickson of the Peoples Democratic Party (PDP) and the former governor of the state, Timipre Sylva of the All Progressives Congress (APC).
But the power actually lies in the people whom are expected to come out enmasse tomorrow to exercise their franchise and elect the person that will pilot the affairs of the state in the next four years.
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| Customers queue at a bank. |
New Telegraph reports on Thursday, December 3, that most residents in the capital city, Yenagoa, are having hectic time getting cash from the banks following the panic withdrawals that accompanied the gubernatorial poll.
It was gathered that there is a massive cash insufficiency in most of the banks, and no official statement or reason have been issued by any of the affected banks.
A manager in one of the new generation bank in the state capital, who spoke on condition of anonymity, said the cash shortage may have been caused by the huge withdrawals by government officials and politicians ahead of the election. The banker also attributed the cash crunch to the rumoured public holiday that is expected to take place today, December 4.
“We have been witnessing huge and massive withdrawals since the beginning of the week and it became heightened today as more customers trooped to the banks to withdraw.
“My colleagues in other banks are also complaining of a similar predicament, because most of us have run out of cash, we have to seek assistance either from Port Harcourt or Owerri, to buffer our vaults.
“You know that at times like these, people engage in panic withdrawals, but I really do not see any reason for this. It could be because of the rumour that there will be public holiday today,” the bank manager said.
Meanwhile, New Telegraph correspondent reportedly witnessed huge crowds at two new generation banks situated on the busy Melford Okilo Road, where customers besieged available ATM machines.
Reports also have it that residents living in Sani Abacha/Swali/ hospital road might not have a swell time casting their votes tomorrow following the road blocks mounted by fierce looking policemen stationed at the roundabout connecting the three roads.
It was also observed that many motorists were compelled to park their vehicle and walk long distance to link hospital road, especially those heading towards Swali market road because of the Independent National Electoral Commission (INEC)’s office that is located on the road.
However, the supervisor in the logistics support group at the INEC office who spoke to newsmen said all non-sensitive election materials have been disseminated to the local councils except in Nembe, where he said there were security issues.
Bayelsa state governorship election which is slated for tomorrow is mainly between two powerful politicians and renowned parties. The battle to gain the seat of the oil rich state is mainly between the incumbent Governor, Seriake Dickson of the Peoples Democratic Party (PDP) and the former governor of the state, Timipre Sylva of the All Progressives Congress (APC).
But the power actually lies in the people whom are expected to come out enmasse tomorrow to exercise their franchise and elect the person that will pilot the affairs of the state in the next four years.
CLICK HERE TO GO TO THE HOMEPAGE
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