Access Bank denies plan to sack 75% workforce, close branches

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Access Bank denies plan to sack 75% workforce, close branches

Access Bank Plc on Monday denied news making rounds that it would sack 75 per cent of its workforce and as well close over 300 branches.

The bank denied this in a statement signed by Mr. Sunday Ekwochi, its Company Secretary, posted on the Nigerian Stock Exchange (NSE) website.

It said the closure of a bank branch was an action that required the approval of the Central Bank of Nigeria (CBN).

According to the bank, it has not applied for nor obtained the approval of CBN for the closure of its branches as widely speculated.

“The bank has only suspended operations in some branches following the directive by the CBN.

“At the onset of the COVID-19 pandemic lockdown, we suspended in-branch operations at different locations as directed by the CBN and in line with business continuity plans at vulnerable spots; whilst we continued to provide services through our alternative digital platforms.

“In line with the phased re-opening of the economy effective May 4, following the…



Source: Vanguard Newspaper