December 7, 2021




Access Bank Plc on Monday exposed reports that it intends to sack 75 percent of its workforce and too close in excess of 300 branches.

The bank in an announcement marked by the Company Secretary, Mr Sunday Ekwochi, acquired from the Nigerian Stock Exchange site depicted the news as noxious and an interruption from the authentic and empathetic arrangement to ensure its laborers and help keep occupations in the unfurling macroeconomic condition.
He said the conclusion of a bank office was an activity that necessary the endorsement of the Central Bank of Nigeria.

As per the bank, it has neither applied for this nor got the endorsement of the CBN for the conclusion of its branches as generally guessed.

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 Presidential directives, we will be resuming in-branch services in some of our affected branches in a programmed manner to ensure the health and safety of our employees and customers.

This is also necessary to provide relevant contingency should there be any incident arising from the pandemic.
We deny in its entirety the baseless and twisted speculation that the bank is sacking 75 per cent of its workforce,” said the statement.
It noted that based on the impact of the COVID-19 pandemic, not all its branches would be fully open for in-branch services until later in the year.

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