UBA, Zenith, UBA, GTB, Access, Other Banks To Close All Branches for 24 Hours, with Reasons

Commercial banks and other financial institutions nationwide will be closed on Wednesday, June 12, 2024.

This is in observance of this year’s (2024) democracy day celebration.

Nigerian banks to observe public holiday on Wednesday Photo credit: Pius Utomi Ekpei

Bank workers to observe public holiday had previously reported that the federal government declared Wednesday, June 12, as a public holiday to commemorate this year’s democracy day celebration. PAY

Tinubu’s govt declares June 12 public holiday to celebrate Democracy Day Minister of Interior Dr Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government, congratulated Nigerians on the occasion. The minister in a statement signed by Dr Aishetu Gogo Ndayako the Permanent Secretary of the ministry and released on Tuesday, June 11, said; “As we mark another Democracy day in the history of our dear country, let us all reflect on the efforts of our founding fathers and ensure that Nigeria remains a united, secured, peaceful and indivisible entity”.

Banks advises customers Nigerian banks, including Access Bank and United Bank of Africa, have sent out messages via email and social media platforms to announce the closure of branches nationwide. They advised customers expected to make transactions to use electronic banking services. The major types of E-banking are online Internet banking, mobile banking, USSD, and Automated Teller Machines (ATM).

Stanbic IBTC, in its message to customers, reads: “Dear valued customer,​ Please be informed that our branches will be closed tomorrow, Wednesday, 12 June 2024, in observance of the Democracy Day break. “However, our digital channels are available for all your banking needs.​”Happy Democracy Day celebration.​” Also, Wema Bank wrote: “Please note, in observance of Democracy Day, our branches will be closed on Wednesday, June 12th. “We will be back to serve you on Thursday, June 13th, 2024. Our alternative banking channels are still here for your convenience. Happy Holidays!.” PoS operators announce new withdrawal charges Earlier, reported that PoS operators hiked charges to over 100% following persistent cash scarcity. Check showed that the PoS operators, which served as a last resort for cash-strapped Nigerians, increased their fees to N400 for every N10,000 withdrawal instead of the N200 they previously charged.

The situation is worse in some states, especially in Lagos, where most ATMs are dry, or customers form long queues to withdraw.

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