• Business - Banking & Finance
  • Updated: October 21, 2020

GTBank, Polaris Bank, Others Shutdown, Take Measures Amidst Rising Violence

Banks in Nigeria are shutting down operations amidst rising tension between peaceful ENDSARS protesters and security forces in Lagos. AllNews had reported yesterday that Soldiers shot peaceful protesters at Lekki tollgate, Lagos State.

The shooting led to a number of unconfirmed murder of protesters, while several other protesters are said to be receiving treatment at several hospitals within the state. Prior to the attack on ENDSARS protesters, the state government had announced curfew.

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The restriction on movements began at 9 pm, and it is expected to last for 24-hour indefinitely. In response to the curfew, which has been overshadowed by burnings of company buildings in Lagos, some Nigerian banks are already taking steps to prevent visitation to their bank.

Nigerian Banks Taking Measures During Curfew/Violence

One of the banks is GTBank, which stated in a statement to customers that all the lender's branches within the state are now closed to business until the curfew is lifted by the Lagos State government. With the violence that ensued within the curfew period, the timeframe is expected to be longer.

While addressing customers in the statement, GTBank said, "Dear customer, due to the 24-hour curfew imposed in Lagos State from 4 pm today, please note the following: All our branches in Lagos State are now closed and will remain closed for the duration of the curfew.

“Our contact centre will only be available via WhatsApp.” GTBank said in the statement titled, ‘Important update on our banking operations in Lagos state during 24-hour curfew’.

READ ALSO: MTN Nigeria Shuts down Amidst Widespread Burning Of Companies

While Polaris Bank didn't categorically state that it is shutting down its bank premises, Polaris Bank advised its customers to use its digital platforms to conduct transactions for safety purpose.

"Your safety is of utmost importance to us, therefore we encourage you to remain vigilant at all times. We implore you to carry your banking transactions through our digital platforms." Polaris said in a statement sent to customers, and seen by AllNews.

Also, First Bank took steps to divert customers to the company's digital channels, “Our digital banking channels are open for you. All our alternate banking channels are available to you 24hrs."

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Olalekan Fakoyejo
Olalekan Fakoyejo

Fakoyejo Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ)....

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