THE CABLE
Zenith Bank has temporarily shut down some of its branches in some states in Nigeria due to insecurity, TheCable understands.
A source told TheCable on Friday that the bank’s management decided to close branches where the lives of staff members are being threatened by citizens who are seeking to withdraw cash.
Commercial banks, including Zenith, have been at the receiving end of the rancour spreading across Nigeria following the scarcity of the new naira notes.
A video seen on social media showed angry citizens damaging facilities at a Lagos branch of Zenith bank in order to gain access for ‘cash withdrawals’.
In another video, some Nigerians alleged to be the bank’s staff members were seen fleeing through the back fence as customers besieged the gate of one of Zenith’s branches to get cash.
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