Friday, October 30, 2026

Naira Scarcity: Zenith Bank shuts branches over attacks on staff

Some of the bank’s branches in the FCT and environs and other states visited on Tuesday were under lock.

• February 7, 2023
Zenith bank branch
Zenith bank

Zenith Bank has closed some of its branches in the Federal Capital Territory (FCT) and some states of the country due to alleged attacks on its staff and network.

A correspondent who monitored some of the bank’s branches in the FCT and environs and other states on Tuesday, observed that they were under lock.

At Zenith Bank, the Check-Point branch along Nyanya Mararaba road, both the gate and the ATM gallery of the bank were locked, and no customers were seen in the vicinity.

An official of the bank, who preferred anonymity, said some of the bank’s branches were also closed due to a lack of the new naira notes.

The official said many branches across the country were attacked by customers who could not withdraw the new notes from their accounts.

Some video clips on social media showed how the bank staff escaped from the attacked branches by scaling fences to escape mob attacks from customers.

Meanwhile, some bank customers have taken to social media to lament their ordeal.

A customer identified as @Ellacious_berry said on Twitter that Zenith Bank was fully contributing to the suffering of the masses.

“Three days now, I cannot assess the mobile app. If the mobile app mistakenly opens, it won’t transfer, and their ATM card is not paying either. I am sure closing my account with @ZenithBank,’’ she said.

Another customer, identified as @ambi 255 on Twitter, said Zenith Bank Plc had failed woefully.

“I think I will be closing my account with them,’’ he said.

A customer identified as @IamSixFeetTall on Twitter said, “one of the managers in my office just closed his zenith account this morning.’’

Some branches of the bank in Enugu were working, but the staff were not dressed in any of the bank’s outfits to avoid easy identification.

Meanwhile, the Chartered Institute of Bankers of Nigeria (CIBN) had called for calm and understanding among bank customers.

A statement by Akin Morakinyo, the registrar, CIBN, said the Central Bank of Nigeria (CBN) and operators (the banks) were working assiduously to bring the situation under control.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Nigerian Bar Association

States

Independence: NBA urges Nigerians to expect better future

The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

El-Rufai in court

Rights

El-Rufai tags Trump, Macron in detention post

“Human rights not a favour, a fair trial is not an act of mercy. It is not a privilege. It is a fundamental human right,” the post stated.

Menstrual pads

Health

WaterAid urges Nigeria to implement menstrual health policy

WaterAid Nigeria has urged the federal government to promptly implement the country’s first National Policy on Menstrual Health and Hygiene Management, which was recently approved.

Oritsemeyiwa Eyesan

Economy

NUPRC, SDN deploy methane tracker to drive 60% emission

NUPRC boosted its drive to achieve Nigeria’s 60 per cent methane emissions reduction target by 2035 through the Nigerian Oil and Gas Industry Emission Tracker

Academy of Innovative Research Science and Technological Development’s Logo

Education

FG to boost ‌‌industrialisation with N9 billion, says AcIRSTD

AcIRSTD’s governing council chair says the federal government has budgeted N9 billion to boost industrialisation efforts in nine states.

Kamene Okonjo

States

Labour ‌Party mourns Okonjo-Iweala’s mother

The Labour Party chairman, Nenadi Usman, described the death of Kamene Okonjo, the mother of Ngozi Okonjo-Iweala, who died at age 96, as a great loss to the nation.

NABTEB

Education

NABTEB releases certificates up to 2024, announces collection procedures‌

The National Business and Technical Examinations Board (NABTEB) has announced the release of certificates for candidates who sat for its examinations up to 2024.