Protest: In Fear Banks To Shut Down Thursday

A recent investigation has revealed that Banks and other financial institutions in the country will be shut down on Thursday, as the planned nationwide protest against hunger commences.

While none of the banks publically anounced a closure, chats with different employees of the banks indicated that they have been advised not to report for work on Thursday as the banks monitor the protest.

A banker who spoke with The PUNCH said, “You saw what happened during previous protests, banks were targets. We don’t want a repeat of a similar experience, hence we have been advised to monitor the situation first and then we know where to go from there.”

Another banker based in Lagos simply said, “I’m not going to work tomorrow,” when asked.

However, another banker said they were not advised either way, just told to exercise caution during their commute.

A Pension Fund Administrator, Leadway Pensure, in a mail to their customers on Wednesday titled ‘Business Continuity Amid Planned Protest’ said, “Due to the planned nationwide protest starting August 1, 2024, please be informed that all our office will be closed on Thursday, August 1, 2024, and Friday, August 2, 2024, at the first instance as we monitor the situation.”

The PFA went on to urge its customers to adopt its digital channels for their transactions

Asset Management firm, Meristem Securities Limited, also issued a notice of closure to its customers on Wednesday.

“Dear esteemed client. Due to the nationwide protest Thursday, this is to inform you that all our offices in Lagos, Port Harcourt and Abuja will be closed on Thursday, 1st August 2024. We will closely monitor the situation and provide further communication, depending on the developments of the protest.”

“Banks cannot close shop without the express approval of the Central Bank of Nigeria. We will monitor closely while we have advised our members to exercise extra caution and be alert to stay safe during and after.”

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