Saturday, September 19, 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

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.”

Fuel nozzle

NationWide

Govt has no control over petrol pump prices, says NMDPRA 

The authority said petro pump prices are determined by free market conditions.

Chairman of the Independent National Electoral Commission (INEC), Joash Amupitan

Heading 5

Gombe, Kano, Bauchi, Delta by-elections crucial test ahead of 2027, says Amupitan 

“These four by-elections provide indispensable operational lessons for the commission as we systematically chart our roadmap toward the 2027 general election,” he said.

Christopher Nathaniel, the Social Democratic Party (SDP) governorship candidate

States

2027: Adamawa ‌⁠‍‍⁠⁠‌⁠⁠‍⁠‍‌‍‌SDP governorship candidate targets livestock, rice production to drive industrialisation

Mr Nathaniel identified agriculture as a major tool for reducing poverty, creating economic opportunities and improving residents’ livelihoods.

King's College

NationWide

Civil servants insist on strike over King’s College concession

The Association of Senior Civil Servants of Nigeria directed its members in federal unity colleges to continue the ongoing strike against the proposed concession of King’s College.

President Bola Ahmed Tinubu

NationWide

Tinubu directs states to reduce transportation costs with CNG 

The president said Nigeria must, as a gas-rich nation, reduce its exposure to global energy challenges.

Ebonyi state governor, Francis Nwifuru [Photo: Twitter]

States

Gov Nwifuru sacks Ebonyi commissioner for works

The governor directed him to hand over all government property in his possession.