The Imo State Government on Tuesday explained the reason behind its decision to seal some banks in Owerri, the state capital.
Scores of bank customers were left stranded on Tuesday as the officials of the Imo State Government shut all the banks along Bank Road in the state capital.
Our correspondent observed ribbons the state government officials used in sealing the various banks as early as 7am.
Some of the employees of the banks told our correspondent in confidence that operatives of the Owerri Capital Development Authority sealed the banks.
Some of the financial institutions that were sealed by the state government were Access, Polaris, First Bank, Eco Bank and United Bank for Africa.
But the state Commissioner for Information and Strategy, Declan Emelumba, told our correspondent that the state government sealed the banks because they frustrated customers on Monday by refusing to open for transactions.
Asked when the government would unseal the banks, Emelumba said it was left for OCDA and the banks to determine.
The OCDA General Manager, Innocent Ikpamezie, did not respond to multiple calls put across to his cell phones by our correspondent.
