Re: Access Bank To Shut Down 346 Banks Nationwide (List) by xaggar(m): 10:13pm On May 02, 2020 |
iswallker:
Correct to some extent - branch listed as oke ilewo abeokuta is a diamond access branch - however there is a diamond access branch in car wash abeokuta not listed.. See the names of those areas you mentioned: very local! |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by demkun(m): 10:13pm On May 02, 2020 |
Not this time. I pity the Staff who will follow the downsize. Be strong and stay alive |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by dollarnaira: 10:16pm On May 02, 2020 |
Advantage to those who can transfer easily - online banking advantage - As for those who like to queue with cash book hmmmm..... |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Angelfrost(m): 10:16pm On May 02, 2020 |
xcabczyxabczzzz: This bank is just useless.
They just want our cash to continue losing value in their deposit. Who actually leaves cash in that useless bank... 1 Like |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Tinity123: 10:16pm On May 02, 2020 |
xcabczyxabczzzz: This bank is just useless.
They just want our cash to continue losing value in their deposit. not that the are useless think if you are the owner of such firm, how is their profit going to be and closing some branch will still affect them. The money given to FG what did they use it to do |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Dawinlove(m): 10:17pm On May 02, 2020 |
3 Likes |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Iamsalis: 10:17pm On May 02, 2020 |
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Re: Access Bank To Shut Down 346 Banks Nationwide (List) by kabillionaire(m): 10:17pm On May 02, 2020 |
Is there something Access bank is not telling us? perhaps we should start closing our accounts. 1 Like |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Albert0011(m): 10:18pm On May 02, 2020 |
Facidio: That's virtually all the access banks/diamond banks in delta state. All the ones I know in ughelli, warri and asaba are listed.... Edo state nkor? almost all their branches in Benin city are all listed there..i know one particular one in ekenwan road Benin city. 1 Like |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by richard69(m): 10:18pm On May 02, 2020 |
130 Lagos branches are shut |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by alezzy13: 10:19pm On May 02, 2020 |
Sofistcatdmoron: Let me go qnd transfer all my money from access bank to GTB Stop this, pls |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Johnadelaide00: 10:19pm On May 02, 2020 |
Big lie |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by chigoizie7(m): 10:23pm On May 02, 2020 |
From the comments I am reading here. I have come to a conclusion that most people do not know how businesses are run.
Diamond bank was a very big competitor in the financial markets same as AccessBank. Both banks has branches all over Nigeria. Before the merger, the common thing is, where there are bank branches, you see so many other banks there. In a location, you will see, AccessBank, gtbank, fbn, uba, Diamond etc in almost all the competitive environments. Now that there is a merger between AccessBank and diamond bank. Do you expect them to run both branches at the same time? When they are next to each other? That will be insane. The moment they merged, I knew that this was bound to happen. I just do not know when.
Some of the closures are understandable.
For example. There is an AccessBank next to diamond band inside unizik awka.
Also. There is AccessBank next to diamond bank in Regina awka.
There is also an AccessBank next to diamond bank in main market. Same in building materials ogidi.
I do not think that both branches will operating at the same time in the same location when it actually is one entity. That is a pure waste of running cost.
It is very understandable that half of the AccessBank branches be closed after the merger with diamond bank. No need for the waste.
And since those branches are closed, the staff will also be retrenched. 3 Likes 2 Shares |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Nobody: 10:23pm On May 02, 2020 |
too bad.
please I'm in need of any amount to get foodstuff, hunger is killing me, kindly assist me. this lockdown affected me so badly.
0121370278 GTB. thanks God bless. |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by chigoizie7(m): 10:24pm On May 02, 2020 |
kabillionaire: Is there something Access bank is not telling us? perhaps we should start closing our accounts. Some of the closures are understandable. For example. There is an AccessBank next to diamond band inside unizik awka. Also. There is AccessBank next to diamond bank in Regina awka. There is also an AccessBank next to diamond bank in main market. Same in building materials ogidi. I do not think that both branches will operating at the same time in the same location when it actually is one entity. That is a pure waste of running cost. It is very understandable that half of the AccessBank branches be closed after the merger with diamond bank. No need for the waste. And since those branches are closed, the staff will also be retrenched. |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by alezzy13: 10:24pm On May 02, 2020 |
MrMcJay: Na to close my Access bank account. This is not just Covid-19. There is something fundamentally wrong with that bank. There is fire on the mountain at Access.
Access bank started by delaying transfers to accounts. You send money today, they credit maybe tomorrow or next. Sometimes you may not even get the money. They said it was their network. Then, they moved to making outrageous deductions from customers' accounts. Then to sacking 75% of staff and closing close to 350 branches.
This is another Lehmann brothers in the making. All the signs are there.
Abeg o. Make una easy oo. This one go be the final nail on the coffin. Access is one of the biggest bank today and if they should crash. .. . . Hmmm |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Tedpgrass: 10:25pm On May 02, 2020 |
budaatum: This suffer is not limited to Nigerian banks. Europe's banks are suffering too and the only thing saving American bank is plastering by the Fed, though that can't last forever. Undoubtedly, there will be job losses But the numbers published by Access is a lot. Why not look into reduced hours or a cut in salaries as Wigwe has done.. Or better still declare no dividend in the forthcoming year.. Everyone can see the current circumstances are unprecedented and unpredictable. Pushing thousands into the job market at such a time as this, an act that might be followed by other financial institutions is not the right way!! . 1 Like 1 Share |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by executive12: 10:25pm On May 02, 2020 |
I won't believe this until the bank officially makes the announcement. If they are shutting down all these branches, how many are still open? That means that the bank is going out of business. |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by doggedfighter(f): 10:25pm On May 02, 2020 |
GamalNasser: Hmmm just yesterday I was saying to a friend that I suspect they will close a diamond bank in my estate and I was right , looks they are closing diamond bank branches in areas where they already had Access branches , Methinks Herbert Wigwe is just using COVID crunch as an excuse to ditch Diamond bank staff he inherited in the acquisition So true. The branches close to my house on that list are all former diamond branches 1 Like |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Nathandics: 10:27pm On May 02, 2020 |
Aaagh!...even the one at Ejigbo market.... Where I wan go poo now if belle begin do me somehow 1 Like |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by doggedfighter(f): 10:27pm On May 02, 2020 |
softset: I can imagine what will be running through the minds of those affected.
After staying home for almost 5 weeks, then you start a new month with being fired.
I wish them all the best and hope better things come their way . Very frustrating situation |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by oluspicy: 10:27pm On May 02, 2020 |
I really feel for the affected families that their means of livelihood is attached to this bank directly or indirectly. 1 Like |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by bjtinz: 10:28pm On May 02, 2020 |
ajohkeh: too bad.
please I'm in need of any amount to get foodstuff, hunger is killing me, kindly assist me. this lockdown affected me so badly.
0121370278 GTB. thanks God bless. You sure? With your fine legs like this? |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Pizzlelight: 10:29pm On May 02, 2020 |
PureGoldh: Chai.....in dx life...no dey do pass urself. This so-called donation you people are talking about is not enough to pay one month's salary Others donated ....so they followed suit and at the end of the day...Their workers are to be whipped out from the office.
All dx donations wey Dem give FG...e be like say all of Dem don enter voicemail ooh |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by adioolayi(m): 10:29pm On May 02, 2020 |
Closing old Diamond Bank turned Access Bank branch buildings 1 Like |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by usibengate(m): 10:30pm On May 02, 2020 |
Living in precarious time |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Bluffly: 10:30pm On May 02, 2020 |
Most non-performing and below average are the ones going |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by megama: 10:30pm On May 02, 2020 |
sarrki: Nigerian financial power house, Access Bank, annunciated the closure of more than 300 of its branches nationwide in a bid cut down running costs as a result of the outbreak of the deadly virus, COVID-19.
This move comes in the wake of a statement made by the group managing director/CEO of Access Bank, Herbert Wigwe who explained the reasons behind a planned mass retrenchment of its workforce, stating that some of its branches will be closed up until December of this year.
Herald NG earlier reported that Wigwe made this disclosure via video conferencing in a town hall meeting with the bank’s staff that later leaked on social media platforms.
Wigwe noted that those to be affected by the mass retrenchment are mostly outsourced staff and workers offering nonessential services. This group makes for about 75% of the Organisation’s staff strength in its branches nationwide.
“We probably don’t need as much security as required; even to the fact that we are not gonna have all our branches open between now and December. We don’t need all the tellers.” Wigwe said in the video.
“The second has to do with our professional cost. Now that is one that is very tricky and it is tricky because I do understand and appreciate that its gonna, you know, bring its own pain to staff.
“We basically have to make the adjustments the same way you sounded when we spoke 10 days ago with respect to basically cutting down cost.
“I will be the first to take the hit and I’m gonna take the largest pay cut, which would be as much as 40 percent. The rest we would have to cascade right through the institution. Everybody may have to make some adjustments of some sort.”
Industry observers have the notion that Wigwe’s retrenchment strategy and closure of its branches affects the most vulnerable of his employees. They also believe the move will be counter-productive for many families; especially the poor if the financial records of the bank truly show it has the capacity to cushion the effect of the pandemic.
LIST OF BRANCHES TO BE SHUT DOWN
ACCESS BANK RET SHOP – OSISIOMA (001)
UMUAHIA BRANCH 15 AZIKWE ROAD FAULKS ROAD BRANCH ABA UMUDIKE BRANCH ACCESS BANK, UMUAHIA, IKOT – EKPENE ROAD) ABA, ASA ROAD RET SHOP – UMUAHIA (039) GIBBS STREET BRANCH ACCESS BANK, IKOT EKPENE BRANCH ABAK, IKOT – EKPENE ROAD 32 AKA ROAD BRANCH UYO, BANK LAYOUT ONITSHA BRANCH NNEWI BRANCH UP IWEKA and OGIDI BRANCHES ONITSHA, SOKOTO ROAD. ONITSHA, OGBARU ENAMEL WARE MARKET NNEWI, OLD NKWO MARKET ROAD ACCESS BANK, OBOSI, CITY BISCUIT ROAD OKIJA, OLD OKIJA IHIALA OGUTA RD BRIDGE HEAD BRANCH AWKA, AZIKIWE STREET AND ACESS BANK, UNIZIK BRANCHES RET SHOP-NIGER DELTA UNI. MINI(082) GBOKO BRANCH ZAKI IBIAM BRANCH MAKURDI, NEW BRIDGE ROAD RET SHOP – N/BANK MAKURDI (034) GBOKO BRANCH MAIDUGURI, BURGA ROAD RET SHOP – UNIV. OF MAIDUGURI (020) RET SHOP – SHEHU LAMINU WAY (020) IKOM, OKIMI OSABOR STREET CALABAR, NDIDEM USANG ISO ROAD CALABAR, MAYNE AVENUE ASABA, 163 NNEBISI ROAD DECO ROAD BRANCH UGHELLI, MARKET ROAD RET SHOP – WARRI (005) AGBOR BRANCH ASABA, NNEBISI ROAD OKPANAM ROAD BRANCH WARRI OKUMAGBA AVENUE ABAKALIKI, OGOJA ROAD RET SHOP – EBONYI STATE UNIV (035) EKENWA-BENIN BRANCH USELU BRANCH 23 AIRPORT ROAD BRANCH BENIN, SAPELE ROAD BENIN, UGBOWO ROAD BENIN, 123 BENIN-AGBOR ROAD TEXTILE MILL ROAD BRANCH OKADA BRANCH IHAMA BRANCH BENIN, MISSION ROAD BENIN BRANCH UNIBEN BRANCH IJERO EKITI CASH CENTRE AJILOSUN, ADO EKITI BRANCH EKITI STATE UNIVERSITY BRANCH ENUGU STATE UNIVERSITY BRANCH AGBANI ROAD BRANCH ENUGU,GARDEN AVENUE ENUGU, OKPARA AVENUE ENUGU, 9TH MILE ENUGU, NIKE LAKE ROAD UNN NSUKKA BRANCH UNIVERSITY OF NIGERIA ENUGU BRANCH OKPARA AVENUE BRANCH WUSE 2 BRANCH FEDERAL SECRETARIAT ABUJA BRANCH UTAKO BRANCH ABUJA NNPC TOWERS BRANCH DURUMI BRANCH DEI DEI ABUJA, BUILDING MATERIALS MARKET NYANYA ABUJA, OPP. NYANYA SHOPPING COMPLEX GWAGWALADA ABUJA, PARK LANE WUSE 2 ABUJA, AMINU KANO CRESCENT GWARINPA ABUJA,LADOKE AKINTOLA BOLVD LIFE CAMP ABUJA, JABI-KARMO ROAD ADETOKUNBO ADEMOLA, ABUJA BRANCH NATIONAL ASSEMBLY BRANCH GARKI BRANCH BANK OF INDUSTRY (BOI),ABUJA GARKI AREA 11 BRANCH NASDA BRANCH DEI DEI BRANCH FED MIN OF JUSTICE BRANCH FEDERAL MORTGAGE BANK BRANCH GARKI ABUJA, CENTRAL BUSINESS AREA HERBERT MACAULAY, ABUJA BRANCH RET SHOP -FED. SECRETARIAT ABJ(061) ZONE 5 ABUJA, MICHAEL OKPARA STREET RET SHOP- SAVANNAH SUITES, ABJ(013) RET SHOP -AREA 1 COMPLEX ABUJA(077) GOMBE, BIU RD. BANK ROAD OWERRI BRANCH NEKEDE BRANCH OWERRI, ORLU ROAD MBAISE, AHIARA JUNCTION MBAISE RET SHOP – FUTO (017) OWERRI, DOUGLAS ROAD OKIGWE, WESLEY QUARTERS OKIGWE RD RET SHOP – NAZE MARKET (090) RET SHOP – IMO STATE SECTARIAT(090) HADEJIA BRANCH KADUNA BRANCH A2 AHMADU BELLO WAY BRANCH UNGWAN RIMI BRANCH NNPC REFINERY KADUNA BRANCH GUMI MAIN MARKET JAJI, COMMAND AND STAFF COLLEGE ALI AKILU ROAD BRANCH ZARIA BRANCH KACHIA ROAD KADUNA KADUNA, ISA KAITA ROAD RET SHOP – ZARIA (127) ANCHAU BRANCH KANO BRANCH BELLO ROAD BRANCH KANO KATIN KWARI BRANCH BAYERO UNIVERSITY BRANCH RET SHOP – DAWANUA, KANO (058) BICHI BRANCH AMINU KANO TEACHING HOSPITAL BRANCH KANO, FRANCE ROAD, SABON GARI RET SHOP – BAYERO UNI. KANO (007) KATSINA, NAGODO ROAD KATSINA BRANCH KAFUR BRANCH DANJA BRANCH BIRNIN KEBBI, SANI ABACHA ROAD OBAJANA CASH CENTRE LOKOJA, MURTALA MUHAMMED WAY FOLAWIYO STREET BRANCH ILORIN, IBRAHIM TAIWO ROAD KWARA STATE POLYTECHNIC IBEJU LEKKI VICTORIA ISLAND BRANCH IDEJO BRANCH IKOTA BRANCH LEKKI CHEVRON BRANCH AJOSE ADEOGUN BRANCH IKOYI, AWOLOWO ROAD AJAH, LEKKI – EPE EXPRESSWAY AJAH, ADDO ROAD LEKKI PHASE I, ADMIRALTY WAY RET SHOP – IKOTA, VGC LAGOS (095) LAGOS ISLAND, KING GEORGE V BRANCH BROAD STREET 2 BRANCH BBA LAGOS, ATIKU ABUBAKAR PLAZA TRADE FAIR COMPLEX, ASPAMDA, HALL 2 ALABA, DENSINE PLAZA OLOJO DRIVE ALABA INTERNATIONAL, DOBBILL PLAZA AVENUE MAZA MAZA BRANCH ALABA INTERNATIONAL, OLD GARAGE OLD OJO BRANCH LIGALI AYORINDE ADEYEMO ALAKIJA BRANCH ADEOLA ODEKU BRANCH ADEOLA HOPEWELL BRANCH AWOLOWO ROAD 2 BRANCH SAKA TINUBU BRANCH RET SHOP – PALMS MALL, LAGOS (026) BURMA ROAD APAPA BRANCH BROAD STREET BRANCH CREEK ROAD APAPA BRANCH TINCAN ISLAND BRANCH APONGBON BRANCH IBAFON BRANCH POINT ROAD BRANCH MARINA BOI BRANCH 48 MARINA BRANCH LAGOS ISLAND, MARINA LAGOS ISLAND, BALOGUN STREET APAPA, LIVERPOOL ROAD APAPA, BURMA ROAD TRADE FAIR BRANCH ASPAMDA BRANCH FESTAC 2 BRANCH AGUDOSI BRANCH MAZA MAZA, OLD OJO ROAD RET SHOP – SATELLITE TOWN (028) OLD ALABA MOTOR PARK OJUELEGBA BRANCH GBAGADA, GBAGADA EXPRESSWAY IDI-ARABA BRANCH LAWANSON/ITIRE RD BRANCH RET SHOP – ALUMINUM VILLAGE (011) RET SHOP – IYANA IPAJA (110) TOYIN STREET BRANCH IKEJA, 60 OPEBI ROAD MARYLAND,MOBOLAJI BANK ANTHONY WAY RET SHOP – ISHERI, BERGER) IDDO BRANCH KOSOKO STREET BRCH NNAMDI AZIKWE STREET IDUMOTA BRANCH OYINGBO BRANCH LAGOS ISLAND, OKE ARIN YABA, HERBERT MACAULAY ROAD BRANCH SURULERE, ENITAN STREET AGUDA RET SHOP – JANKARA , LAGOS ISD(002) RET SHOP – OGUNLANA DRIVE (051) RET SHOP – BARIGA AKOKA (087) LASU CAMPUS BRANCH AMUWO ODOFIN BRANCH SEME BORDER, BADAGRY EXPRESS WAY FESTAC TOWN, SECOND AVENUE COKER, LAGOS/BADAGRY EXPRESSWAY TRADE FAIR COMPLEX, ASPAMDA OFFICE BLOCK 2 BBA LAGOS, BANK PLAZA PALM AVENUE BRANCH ILUPEJU BRANCH MATORI BRANCH IKORODU 2 BRANCH TEJUOSHO BRANCH ILUPEJU 2 BRANCH GBAGADA BRANCH OJOTA BRANCH ODOGUNYAN BRANCH OSHODI BRANCH MATORI, LADIPO STREET OJUELEGBA, SHIFAWU STREET OSHODI, OSHODI-APAPA EXPRESSWAY RET SHOP – TEJUOSHO MKT, LAG (050) RET SHOP – KETU (088) RET SHOP – DALEKO (099) RET SHOP – OJUWOYE MARKET (099) OSOLO WAY BRANCH NAHCO BRANCH EGBEDA BRANCH EJIGBO BRANCH IJU BRANCH DOPEMU BRANCH IYANA IPAJA, LAGOS ABEOKUTA EXPRESS WAY ISOLO, MUSHIN ROAD IDIMU, IDIMU ROAD IKOTUN OKOTA, 56 AGO PALACE WAY AKOWONJO, SHASHA ROAD MAFOLUKU, INTL AIRPORT ROAD RET SHOP – OKOTA, ISOLO LAGOS (004) ADENIYI JONES IKEJA BRANCH OJODU BERGER BRANCH OPEBI BRANCH IKEJA, AWOLOWO WAY OREGUN BRANCH IKEJA, LADIPO OLUWOLE STREET OGBA, IJAIYE ROAD ALAUSA BRANCH OREGUN, ZIATECH ROAD OREGUN IKEJA GRA, JOEL OGUNNAIKE STREET MAGODO, CMD ROAD IKOSI RET SHOP – IFAKO AGEGE (080) RET SHOP – IFAKO GBAGADA (087) IDUMOTA BRANCH OGUNLANA DRIVE BRANCH 67 ST FINBARRS RD-BARIGA IJESHATEDO BRANCH UNIVERSITY OF LAGOS BRANCH SABO YABA BRANCH ADENIJI ADELE BRANCH EBUTE METTA BRANCH EBUTE METTA, MARKET STREET OYINGBO APONGBON, ISSA WILLIAMS/OFFIN RD RET SHOP – IDDO, EBUTE METTA) ARTICLE MARKET BRANCH RET SHOP-NASS. STATE UNI.KEFFI(073) LAFIA, DOMA ROAD KEFFI, ABUBAKAR BURGA STREET MINNA, PAIKO ROAD SULEJA DEPOT CASH CENTRE MINNA 2 BRANCH SULEJA, IBB MARKET OOU BRANCH ABEOKUTA, UACN COMPLEX IBARA SAGAMU, AKARIGBO STREET IJEBU ODE, 35 IBADAN ROAD COVENANT BRANCH RCCG CAMP BRANCH OKE ILEWO BRANCH ILARO BRANCH OTTA, OTTA INDUSTRIAL LAYOUT OWODE YEWA MARKET BRANCH IDI IROKO BORDER BRANCH OTTA, IDIROKO ROAD RET SHOP – BABCOCK UNIVERSITY (137) AKURE BRANCH ADEKUNLE AJASIN UNIVERSITY CAMPUS BRANCH AKURE, OYEMEKUN STREET ONDO, YABA ROAD ADEYEMI COLLEGE OF EDUCATION IREE BRANCH ILESHA, ITA BALOGUN STREET ILE IFE BRANCH IPETU IJESHA BRANCH OAU ILE IFE BRANCH REDEEMER UNIVERSITY EDE BRANCH SAKI BRANCH APOMU BRANCH LAUTECH BRANCH BODIJA BRANCH 2 IWO ROAD 2 BRANCH UCH IBADAN BRANCH IBADAN, OKE – ADO IBADAN, AGODI UCH SECOND GATE OYO BRANCH OJOO BRANCH OGBOMOSO BRANCH OGBOMOSHO, ILORIN ROAD BODIJA BRANCH 1 NEW COURT ROAD BRANCH EKOTEDO BRANCH IBADAN JOS BRANCH JOS, COMMERCIAL AREA JOS, CLUB ROAD RET SHOP – KATAKO (015) BUKURU BRANCH RET SHOP – UNIVERSITY OF JOS (055) IKOKWU BRANCH RET SHOP – OLD ABA ROAD, PH (086) BONNY CASH CENTRE ELEME BRANCH EASTERN BULKCEMENT BRANCH PH, TRANS AMADI PH, FOT ONNE OBIGBO PH, LOCATION ROAD RET SHOP – ODUA ROAD, PHC (003) BORI BRANCH UNIPORT BRANCH RSUST BRANCH PH, 50 IKWERRE ROAD PLOT105 OLU OBASANJO PH BRANCH GARRISON BRANCH GADA MARKET BRANCH USMAN DANFODIO UNIVERSITY BRANCH SOKOTO, MAIDUGURI ROAD GUSAU, CANTEEN ROAD
https://www.google.com/amp/s/www.herald.ng/access-bank-shuts-down-346-branches-nationwide-to-cut-down-cost-due-to-coronavirus/amp/
up to them. I can't stress my self to bank over stressed money. Any closer bank is a better option |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by chaloskyx: 10:30pm On May 02, 2020 |
lol who told you this had any thing to do with corona virus this move is as a result of the merger as both diamond and access now share the same liabilities to maximise profit from their union and to streamline functions some branches have to go as we should know there are still diamond bank branches operation in the fore mentioned location as such those closures were necessary to stop duplication of services rendered and waste of manpower and resources. to save face access bank is just hiding under the auspices of corona virus. this decision is only to achieve one aim maximise profits and stop wastage's. 3 Likes 1 Share |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Niggmatic: 10:30pm On May 02, 2020 |
seunmsg: Nigerian banks are too fragile. They can hardly survive any downturn in the economy without massively laying off staff.
Some of these banks also bite more than they can chew. What Access bank is going through now reminds me of my little stint with BankPHB.
BankPHB acquired spring bank late 2008 in a very hostile manner. Billions of depositors funds was committed into the acquition. By March 2009, the bank was already distressed and laying off staff. The hostile nature of the takeover also made it impossible for the quick integration of the operations of the banks. There was also the effect of the global meltdown and crash of the stock exchange market that year.
By the Sanusi came in as CBN Governor around June, the bank was already a mess. He did not bother to romance the problem, he simply killed the bank and other banks that were then struggling to survive the global meltdown and crash of the stock exchange market by late 2009.
Hopefully, Access bank won’t go the way of BankPHB. Access Bank just used covid19 opportunity to finalize their plan. This has nothing to do with what is happening now. It has everything to do with the merger with diamond bank. They found the golden opportunity to close down most of their branches. It has been in their plan since the day they merge with diamond bank 5 Likes 1 Share |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Nobody: 10:31pm On May 02, 2020 |
Topmaike007: that's the most painful thing self spot on! |
Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Niggmatic: 10:32pm On May 02, 2020 |
LibertyRep: This is serious and saddening.
There has to be something else behind this aside Covid-19.
I sympathize with the bread winners whose sources of livelihood is about to be taken away. Their merger with diamond bank. They have been planning this for awhile 1 Like |