Effect of Incessant Bank Attack in Osun Central Senatorial District – A Call For Action

Press Release


The incessant robbery attack on commercial banks in Osun State has continued to make life difficult for residents. You will recall that in 2019 some banks in Ila Orangun, Inisha, Ifon and Ikirun were closed down due to the robbery attacks. Recently, banks in Okuku and Iree were attacked on March 11, 2021, and August 5, 2021, respectively. These two attacks led to the loss of seven lives. The most recent unfortunate armed robbery incident in Iragbiji on September 28, 2021, led to the loss of two men of the Nigerian Police Force.

These attacks have disrupted commercial activities and the economic structures of many towns and villages, leaving the residents in a state of sorrow and fear.

It is disheartening to state that the Osun Central Senatorial District only has three towns where banks operate today, as revealed by our assessment. This means over one million residents of this senatorial district will have to leave their towns and villages to travel kilometres to access commercial banks that are only operational in Oyan, Erin-Osun and Osogbo. With ten local government areas making the senatorial district, Osun Central is an essential part of the state due to its administrative and economic roles. 

Furthermore, it has been recorded that even the Point of Sales (POS) operators and residents with businesses are not left out in these attacks as they have been attacked with light arms and ammunition. Also, the increase in the rate of car burgling and dismantling in Osun State is becoming unprecedented. 

At Urban Alert, we believe that under-equipped security agencies, unemployment rate, drug abuse and increase in insecurity nationwide are some of the reasons for the security attacks. 

We, therefore, urge the Federal Government and the Osun State Government to make the lives and businesses of the citizens their number one priority. This can be done when adequate equipment is provided and the local governments are empowered to take charge of local security to better secure lives and properties at the grassroots. 

Citizens are encouraged to be security conscious and provide actionable information to security agencies where possible, to forestall a continuation of this unfortunate trend.