Access Bank has debunked the news going rounds that the bank will lay off 75 per cent of his workforce and closing of over 300 branches due to the COVID-19 lockdown.

Access Bank in a statement released on Monday and signed by its management tagged the news making wave as a ‘rumour’ and disclosed that the closure of any Nigerian bank branch requires the approval of the Central Bank of Nigeria (CBN).

According to the bank, it has not applied for nor obtained the approval of CBN for the closure of its branches as widely speculated.

The statement partly reads: “The bank has only suspended operations in some branches following the directive by the CBN.

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“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.
Read the full statement here:
https://brandnewsday.com/2020/05/04/access-bank-speaks-on-laying-off-75-staff-and-closing-300-branches/