Banks shut branches over customer attacks..

Written by on February 8, 2023

As the naira scarcity persists, some banks are shutting their branches over rising customer attacks.

This came a day after the Lagos State Police Command issued a warning that some groups were planning to unleash violence in the state due to the naira scarcity.

It was observed that some of the banks had started to allow non-essential employees to work from home.

Findings show Zenith Bank has shut down some branches in Lagos State over the fear of attacks by angry Nigerians due to the ongoing naira scarcity.

Some Zenith Bank branches in Ikeja, Ikorodu and Agege were shut on Tuesday while some closed earlier.

Since the naira redesign policy started, banks have been at the receiving end of the frustration of Nigerians. Videos of individuals climbing counters, stripping, and expressing their anger in banking halls have circulated on social media.

Nigerians have been going through hardships in getting their hands on the new naira notes as the February 10 deadline approaches. This has led to attacks on some banks in the state, as states like Edo and Oyo have witnessed protests that degenerated into riots.

With the heightened tension accompanying the protracted naira scarcity in the country, some commercial banks on Tuesday directed some of their branches to shut down operations until further notice. The directive, it was gathered, was to forestall possible violent reactions by frustrated customers who had already begun to take laws into their hands in some parts of the country.

A senior official at Sterling Bank, who declined to be named, confirmed to our correspondent that some of the bank’s branches in the Lekki area of Lagos had been closed on Tuesday.

The source further stated that the closure of some of the banks had become necessary due to the untenable attitude of frustrated customers who believe that commercial banks are to blame for the hardship associated with the current naira scarcity.

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