Access Bank To Shut Down 346 Banks Nationwide (List) - Business (5) - Nairaland
Nairaland Forum › Nairaland General › Business › Access Bank To Shut Down 346 Banks Nationwide (List) (163590 Views)
1 2 3 4 5 6 7 8 9 10 ... 18 Reply (Go Down)
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Psalmspsalms: 10:01pm On May 02, 2020 |
A time will come when a single individual will be richer than a whole nation. Its never too late to turn to God. All these strong head world leaders are doing will only make them go on their knees and accept defeat. 3 Likes |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by HDT13(m): 10:01pm On May 02, 2020 |
The epistle began with annunciated |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by chisani(m): 10:01pm On May 02, 2020 |
Kiyosaki saw it coming and Fred Riggs knew what the consequences would be like for prismatic societies. Las las na conspiracy of the elites 1 Like |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by iswallker(m): 10:01pm On May 02, 2020 |
GamalNasser: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..  |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by sallysalsa09: 10:02pm On May 02, 2020 |
sarrki:This is practically all their branches. We're is all the profit they said they made |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Sunisonflex39(m): 10:03pm On May 02, 2020 |
its like 70 percent of their branch has been closed in lagos...see as i just dey read lagos name dey go.. |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Yankee101: 10:03pm On May 02, 2020 |
More banks, industries and government to follow Save, save, save!!!! |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by anslemarinze52(m): 10:04pm On May 02, 2020 |
Imagine!!!!!!! these a bad news for me that I was planning to come and complain about a failed airtime top up of 2k and I was debited without crediting my 9mobile account. I called the customer care she explained to me and said I'll get my money on Friday since on Wednesday oo |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Bbbwings: 10:04pm On May 02, 2020 |
GamalNasser:Another angle. 1 Like |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by xreal: 10:04pm On May 02, 2020 |
They did not tell us how many branches remain. These branches are just too many to be owned by one bank. Disadvantage on merging. They acquire branches unnecessarily. Difficult to maintain. They should just sell those buildings. Anyway, they have caused tension for themselves as customers will panic and close their account(s) with them. 7 Likes 1 Share |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by boyjo: 10:04pm On May 02, 2020 |
seunmsg:Sorry I meant, "Na Sanusi crash stock exchange that year??" Your syntax made it seem like you were saying he crashed the stock market. I be wan say make you enlighten me 1 Like 1 Share |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Stevyne: 10:04pm On May 02, 2020 |
Sofistcatdmoron:Boss drop a token for me too |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by StoneColdBiceps(m): 10:05pm On May 02, 2020 |
seunmsg:Lie lie lie . My facts: I was with Bank PHB also, then. I was with it's subsidiary; platinum capital, the stock broking arm of BankPHB. It was at platinum capital spring bank transaction was done. We moved the shares after the big purchase at platinum capital. It was the old aggrieved share holders of spring bank that killed the transaction. Stubborn rich old men. They pressed big buttons to stop the sale. Sanusi championed the death of the transaction as a result of his beef with Atuche (MD/CEO BankPHB). Atuche, BankPHB was moving in a jet speed clearing things in it's way as a result of the bank's innovation. This sent a big surprise all over the banking industry and beef started - "who is this small boy?" the big dogs started asking. Let me stop here. Table Tennis becomes the most popular game played in Lagos amid covid-19 https://naijanofilter./2020/05/02/�table-tennis-becomes-the-most-popular-game-played-in-lagos-amid-covid-19-lockdown 1 Like 1 Share |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by MrMcJay(m): 10:05pm On May 02, 2020 |
Topmaike007:Mc Tagwaye the comedian who is Buhari's doppelganger had a running battle with Access bank on social media because of this nonsense. I would move my money to other banks. Let Access bank keep demarketing and destroying itself. 1 Like |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Nobody: 10:05pm On May 02, 2020 |
pathetic! yet, this useless bank donated a whooping 1 billion naira to an irresponsible govt instead of it's loyal customers . |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Topmaike007(m): 10:06pm On May 02, 2020 |
chukwuibuipob:that bank is getting more useless as day goes by... Same thing happened to me with my client to the point that I shekpe with there customer care on twitter 1 Like 1 Share |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Nobody: 10:06pm On May 02, 2020 |
Yesterday someone in the other thread was charged 460/1$ on access bank card, while others like GTB and stanbic ibtc still charged 400/$1. So buying 10 dollar things, u would have paid extra 600 naira, while 100dollars, extra 6000 naira. Now if u love your self, this is not the best time to do any major transactions with them, you will regret. Something is not right with that bank, covid 19 is just an excuse. Am moving my cash gradually away from them. Only bank u will do online transaction and will charge u twice days apart on same transactions and still double charge you for different SMS. 7 Likes 1 Share |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by PANDA2: 10:07pm On May 02, 2020 |
This is serious. |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Topmaike007(m): 10:07pm On May 02, 2020 |
Seenyo:that's the most painful thing self 2 Likes |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Nobody: 10:07pm On May 02, 2020 |
[quote author=Kayharry post=89118076]Banking system in Nigeria need to be change Too much branch that is not necessary There should be away to transact without going to bank . Banking hall should always be empty Cashless policy will do the trick [/quote What will now happen to unemployed people |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by edoairways: 10:07pm On May 02, 2020 |
This will backfired later |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by wumi2017(f): 10:07pm On May 02, 2020 |
Helper please locate me with 2k� may you never go broke |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Topmaike007(m): 10:09pm On May 02, 2020 |
MrMcJay:I can't cope with them again |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by blowjohn(m): 10:10pm On May 02, 2020 |
Bank executives are one of the most useless, ruthless and wicked set of beings. Go and check the earnings of the managers and executives. They earn millions every year but just to accommodate staff that earn less than 1 million a year they wont. U always hear about bank retrenchment every year. Nonsense job. 2 Likes |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by densiks: 10:10pm On May 02, 2020 |
They can sell off the assets vested in those branches and make some additional income to support existing ones and expand their operations with leanness and efficiency in mind. The global economy has shrinked and Nigeria is already tinkering on the threshold of another recession. It makes no sense for any bank to continue with a bogus payroll with too much overhead as a result of too many branches. I wish them all the best. 4 Likes 1 Share |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by smasher1(m): 10:10pm On May 02, 2020 |
new2012:These branches are shut down from now to December, can you interpret the action? I believe you watched the video? |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by otokx(m): 10:10pm On May 02, 2020 |
smells like false news. |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Ellie01: 10:11pm On May 02, 2020 |
sarrki:Its like after swallowing diamond bank the thing no gree digest ooo 2 Likes |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by chigoizie7(m): 10:11pm On May 02, 2020 |
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. 2 Likes 1 Share |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by aremso(m): 10:13pm On May 02, 2020 |
xcabczyxabczzzz:ofcourse, the depositors will be loosing while investors will still smile to the bank at the end of the yr |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by Stewart883(m): 10:13pm On May 02, 2020 |
Closed Financial Institutions Below is the list of 45 failed banks which were closed, having had their licences revoked by the Central Bank of Nigeria, between 1994 and 2006. The Federal High Court issued orders for them to be wound up and appointed the Nigeria Deposit Insurance Corporation (NDIC) as Liquidator of the banks. The Corporation is currently winding up the banks. List of Closed Financial Institutions under Liquidation S/NO NAME OF BANK UNDER LIQUIDATION DATE OF CLOSURE 1 Abacus Merchant Bank Ltd Jan. 16, 1998 2 ABC Merchant Bank Ltd Jan. 16, 1998 3 African Express Bank Ltd Jan. 16, 2006 4 Allied Bank of Nigeria Plc Jan. 16, 1998 5 Allstates Trust Bank Plc Jan. 16, 1998 6 Alpha Merchant Bank Plc Sept. 08, 1994 7 Amicable Bank of Nigeria Plc. Jan. 16, 1998 8 Assurance Bank of Nigeria Plc Jan. 16, 2006 9 Century Merchant Bank Ltd. Jan. 16, 1998 10 City Express Bank Plc Jan. 16, 2006 11 Commerce Bank Plc Jan. 16, 1998 12 Commercial Trust Bank Ltd Jan. 16, 1998 13 Continental Merchant Bank Plc Jan. 16, 1998 14 Coop. & Commerce Bank Plc Jan. 16, 1998 15 Credite Bank Nig. Ltd Jan. 16, 1998 16 Crown Merchant Bank Ltd. Jan. 16, 1998 17 Financial Merchant Bank Ltd. Jan. 21, 1994 18 Great Merchant Bank Ltd. Jan. 16, 1998 19 Group Merchant Bank Ltd. Jan. 16, 1998 20 Gulf Bank Ltd Jan. 16, 2006 21 Hallmark Bank Plc Jan. 16, 2006 22 Highland Bank of Nig Plc Jan. 16, 1998 23 ICON Ltd. (Merchant Bankers) Jan. 16, 1998 24 Ivory Merchant Bank Ltd. Dec. 22, 2000 25 Kapital Merchant Bank Ltd. Jan. 21, 1994 26 Lead Bank Plc Jan. 16, 2006 27 Lobi Bank of Nig. Ltd. Jan. 16, 1998 28 Mercantile Bank of Nig. Plc. Jan. 16, 1998 29 Merchant Bank of Africa Ltd. Jan. 16, 1998 30 Metropolitan Bank Ltd. Jan. 16, 2006 31 Nigeria Merchant Bank Ltd. Jan. 16, 1998 32 North-South Bank Nig. Plc. Jan. 16, 1998 33 Pan African Bank Ltd. Jan. 16, 1998 34 Pinacle Commercial Bank Ltd. Jan. 16, 1998 35 Premier Commercial Bank Ltd Dec. 22, 2000 36 Prime Merchant Bank Ltd. Jan. 16, 1998 37 Progress Bank Ltd. Jan. 16, 1998 38 Republic Bank Ltd June 29, 1995 39 Rims Merchant Bank Ltd. Dec. 22, 2000 40 Royal Merchant Bank Ltd. Jan. 16, 1998 41 Trade Bank Plc Jan. 16, 2006 42 United Commercial Bank Ltd. Sept. 8, 1994 43 Victory Merchant Bank Ltd. Jan. 16, 1998 44 Eagle Bank Plc. Jan. 16, 2006 45 Liberty Bank Plc. Jan. 16, 2006 The above list of closed financial institutions does not contain the names of these banks whose licences were revoked by the Central Bank of Nigeria but the Federal High Court is yet to issue winding up orders and appoint the Corporation as Liquidator for the banks. Due to court actions instituted by some of the closed banks’ shareholders challenging the revocation of their banks’ licences, the Corporation was unable to conclude the closing exercise and initiate the payment of deposits to depositors of the banks. To view the record of Court Proceedings for such closed banks, go to Litigation under Legal Matters/Regulations A1. Savannah Bank of Nigeria Plc, licence revoked Feb. 16, 2002, click sbn-court-proceedings A2. Peak Merchant Bank Limited, licence revoked Feb. 28, 2003,click pmb-court-proceedings B1. Eagle Bank Plc, licence revoked Jan. 16, 2006, (NDIC appointed Provisional Liquidator) click eb-court-proceedings B2. Fortune Bank Plc, licence revoked Jan. 16, 2006, (NDIC appointed Provisional Liquidator) click fb-court-proceedings B3. Liberty Bank Plc, licence revoked Jan. 16, 2006, click lb-court-proceedings B4. Societe Generale Bank of Nigeria Plc, licence revoked Jan. 16, 2006, click sgbn-court-proceedings B5. Triumph Bank Plc, licence revoked Jan. 16, 2006, click tb-court-proceedings UPDATE ON THE LIQUIDATION OF FOURTEEN (14) BANKS AS AT JANUARY 2007 The banking licences of fourteen (14) banks were revoked on 16th January, 2006 by the Central Bank of Nigeria (CBN). The Corporation has so far been appointed the liquidator for nine (9) banks namely; All States Trust Bank Plc, Lead Bank Plc, Assurance Bank Nigeria Limited, Trade Bank Plc, Metropolitan Bank Limited, City Express Bank Limited, Hallmark Bank Plc., African Express Bank Plc. and Gulf Bank of Nigeria Plc. ; and the provisional Liquidator for Fortune Bank and Eagle Bank Plc. The regulatory authorities decided that Purchase and Assumption Transaction should be adopted to resolve the failure of the 14 banks. Under this arrangement the 9 banks have been or are in the process of being offered to the 25 existing banks to assume their private sector deposits and acquire their assets. The outcome of the bidding processes are as follows: 1. Ecobank Plc emerged the successful bidder for All States Trust Bank Plc (in-liquidation). Ecobank has reopened all the 65 branches from where the failed All States Trust Bank operated. As the depositors of All States Trust Bank turn up, their deposits are verified and new accounts opened for them as Ecobank customers. Over 32,000 depositors have verified their deposit claims. 2. Afribank Plc, likewise, emerged the successful bidder for Assurance Bank of Nigeria Plc (in-liquidation) and Lead Bank Plc (in-liquidation). New accounts were opened for depositors of these banks as Afribank customers. 3. UBA Plc emerged the successful bidder for Trade Bank Ltd (in-liquidation). Verification of depositors commenced on 31st January, 2007 Liquidation activities are at various stages of completion in the rest of the banks where the action of the Corporation is not facing any challenge in court. |
| Re: Access Bank To Shut Down 346 Banks Nationwide (List) by chigoizie7(m): 10:13pm On May 02, 2020 |
seunmsg: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. 1 Like |
Standard Chartered To Shut Half Of Nigeria Branches • FG To Shut Down Money Lending Businesses Over Violations • Crowd Forces Port-Harcourt Mall To Shut Gate • 2 • 3 • 4
Shipping Goods From Usa To Nigeria - Which Is The Cheapest? • 5 Legitimate Ways Nigerians Can Build Residual Income On The Internet • List Of Lucrative Businesses One Can Start In Nigeria Today