Published On: Mon, May 25th, 2015

More Nigeria banks to close amid fuel scarcity

First Bank, Nigeria

First Bank, Nigeria

ABUJA – IT appears more Nigerian financial institutions are feeling the pinch of the current shortage of petroleum products in the country.

CAJ News has established that Sterling Bank will suspend operations on
Monday afternoon as a result of the crisis.

According to a senior staff of the bank, who did want his name published
in the media, the prevailing scarcity of petroleum products was having an adverse impact on operations.

“We wish to inform you that the prevailing scarcity of petroleum products in the country has limited our supply of diesel. As a result, our branches nationwide would be closing for business operations at 2pm today Monday, 25 May 2015,” he said on condition of anonymity.

The official added that although bank was working hard for solutions,
resumption of operations depended on availability of fuel.

“We work towards finding alternative solutions but we advice our customers to carry out transactions through our ATMs and alternative e-channels” he said

The imminent closure follows similar action Guaranty Trust Bank said it
would take on Monday afternoon.

– CAJ News





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