Nigerian financial power house, Access Bank, annunciated the closure of more than 300 of its branches nationwide in a bid cut down running costs as a result of the outbreak of the deadly virus, COVID-19.
This move comes in the wake of a statement made by the group managing director/CEO of Access Bank, Herbert Wigwe who explained the reasons behind a planned mass retrenchment of its workforce, stating that some of its branches will be closed up until December of this year.
Herald NG earlier reported that Wigwe made this disclosure via video conferencing in a town hall meeting with the bank’s staff that later leaked on social media platforms.
Wigwe noted that those to be affected by the mass retrenchment are mostly outsourced staff and workers offering nonessential services. This group makes for about 75% of the Organisation’s staff strength in its branches nationwide.
“We probably don’t need as much security as required; even to the fact that we are not gonna have all our branches open between now and December. We don’t need all the tellers.” Wigwe said in the video.
“The second has to do with our professional cost. Now that is one that is very tricky and it is tricky because I do understand and appreciate that its gonna, you know, bring its own pain to staff.
“We basically have to make the adjustments the same way you sounded when we spoke 10 days ago with respect to basically cutting down cost.
“I will be the first to take the hit and I’m gonna take the largest pay cut, which would be as much as 40 percent. The rest we would have to cascade right through the institution. Everybody may have to make some adjustments of some sort.”
Industry observers have the notion that Wigwe’s retrenchment strategy and closure of its branches affects the most vulnerable of his employees. They also believe the move will be counter-productive for many families; especially the poor if the financial records of the bank truly show it has the capacity to cushion the effect of the pandemic.
LIST OF BRANCHES TO BE SHUT DOWN
This move comes in the wake of a statement made by the group managing director/CEO of Access Bank, Herbert Wigwe who explained the reasons behind a planned mass retrenchment of its workforce, stating that some of its branches will be closed up until December of this year.
Herald NG earlier reported that Wigwe made this disclosure via video conferencing in a town hall meeting with the bank’s staff that later leaked on social media platforms.
Wigwe noted that those to be affected by the mass retrenchment are mostly outsourced staff and workers offering nonessential services. This group makes for about 75% of the Organisation’s staff strength in its branches nationwide.
“We probably don’t need as much security as required; even to the fact that we are not gonna have all our branches open between now and December. We don’t need all the tellers.” Wigwe said in the video.
“The second has to do with our professional cost. Now that is one that is very tricky and it is tricky because I do understand and appreciate that its gonna, you know, bring its own pain to staff.
“We basically have to make the adjustments the same way you sounded when we spoke 10 days ago with respect to basically cutting down cost.
“I will be the first to take the hit and I’m gonna take the largest pay cut, which would be as much as 40 percent. The rest we would have to cascade right through the institution. Everybody may have to make some adjustments of some sort.”
Industry observers have the notion that Wigwe’s retrenchment strategy and closure of its branches affects the most vulnerable of his employees. They also believe the move will be counter-productive for many families; especially the poor if the financial records of the bank truly show it has the capacity to cushion the effect of the pandemic.
LIST OF BRANCHES TO BE SHUT DOWN
- ACCESS BANK RET SHOP – OSISIOMA (001)
- UMUAHIA BRANCH
- 15 AZIKWE ROAD
- FAULKS ROAD BRANCH ABA
- UMUDIKE BRANCH
- ACCESS BANK, UMUAHIA, IKOT – EKPENE ROAD)
- ABA, ASA ROAD
- RET SHOP – UMUAHIA (039)
- GIBBS STREET BRANCH
- ACCESS BANK, IKOT EKPENE BRANCH
- ABAK, IKOT – EKPENE ROAD
- 32 AKA ROAD BRANCH
- UYO, BANK LAYOUT
- ONITSHA BRANCH
- NNEWI BRANCH
- UP IWEKA and OGIDI BRANCHES
- ONITSHA, SOKOTO ROAD.
- ONITSHA, OGBARU ENAMEL WARE MARKET
- NNEWI, OLD NKWO MARKET ROAD
- ACCESS BANK, OBOSI, CITY BISCUIT ROAD
- OKIJA, OLD OKIJA IHIALA OGUTA RD
- BRIDGE HEAD BRANCH
- AWKA, AZIKIWE STREET AND ACESS BANK, UNIZIK BRANCHES
- RET SHOP-NIGER DELTA UNI. MINI(082)
- GBOKO BRANCH
- ZAKI IBIAM BRANCH
- MAKURDI, NEW BRIDGE ROAD
- RET SHOP – N/BANK MAKURDI (034)
- GBOKO BRANCH
- MAIDUGURI, BURGA ROAD
- RET SHOP – UNIV. OF MAIDUGURI (020)
- RET SHOP – SHEHU LAMINU WAY (020)
- IKOM, OKIMI OSABOR STREET
- CALABAR, NDIDEM USANG ISO ROAD
- CALABAR, MAYNE AVENUE
- ASABA, 163 NNEBISI ROAD
- DECO ROAD BRANCH
- UGHELLI, MARKET ROAD
- RET SHOP – WARRI (005)
- AGBOR BRANCH
- ASABA, NNEBISI ROAD
- OKPANAM ROAD BRANCH
- WARRI OKUMAGBA AVENUE
- ABAKALIKI, OGOJA ROAD
- RET SHOP – EBONYI STATE UNIV (035)
- EKENWA-BENIN BRANCH
- USELU BRANCH
- 23 AIRPORT ROAD BRANCH
- BENIN, SAPELE ROAD
- BENIN, UGBOWO ROAD
- BENIN, 123 BENIN-AGBOR ROAD
- TEXTILE MILL ROAD BRANCH
- OKADA BRANCH
- IHAMA BRANCH
- BENIN, MISSION ROAD
- BENIN BRANCH
- UNIBEN BRANCH
- IJERO EKITI CASH CENTRE
- AJILOSUN, ADO EKITI BRANCH
- EKITI STATE UNIVERSITY BRANCH
- ENUGU STATE UNIVERSITY BRANCH
- AGBANI ROAD BRANCH
- ENUGU,GARDEN AVENUE
- ENUGU, OKPARA AVENUE
- ENUGU, 9TH MILE
- ENUGU, NIKE LAKE ROAD
- UNN NSUKKA BRANCH
- UNIVERSITY OF NIGERIA ENUGU BRANCH
- OKPARA AVENUE BRANCH
- WUSE 2 BRANCH
- FEDERAL SECRETARIAT ABUJA BRANCH
- UTAKO BRANCH
- ABUJA NNPC TOWERS BRANCH
- DURUMI BRANCH
- DEI DEI ABUJA, BUILDING MATERIALS MARKET
- NYANYA ABUJA, OPP. NYANYA SHOPPING COMPLEX
- GWAGWALADA ABUJA, PARK LANE
- WUSE 2 ABUJA, AMINU KANO CRESCENT
- GWARINPA
- ABUJA,LADOKE AKINTOLA BOLVD
- LIFE CAMP ABUJA, JABI-KARMO ROAD
- ADETOKUNBO ADEMOLA, ABUJA BRANCH
- NATIONAL ASSEMBLY BRANCH
- GARKI BRANCH
- BANK OF INDUSTRY (BOI),ABUJA
- GARKI AREA 11 BRANCH
- NASDA BRANCH
- DEI DEI BRANCH
- FED MIN OF JUSTICE BRANCH
- FEDERAL MORTGAGE BANK BRANCH
- GARKI ABUJA, CENTRAL BUSINESS AREA
- HERBERT MACAULAY, ABUJA BRANCH
- RET SHOP -FED. SECRETARIAT ABJ(061)
- ZONE 5 ABUJA, MICHAEL OKPARA STREET
- RET SHOP- SAVANNAH SUITES, ABJ(013)
- RET SHOP -AREA 1 COMPLEX ABUJA(077)
- GOMBE, BIU RD.
- BANK ROAD OWERRI BRANCH
- NEKEDE BRANCH
- OWERRI, ORLU ROAD
- MBAISE, AHIARA JUNCTION MBAISE
- RET SHOP – FUTO (017)
- OWERRI, DOUGLAS ROAD
- OKIGWE, WESLEY QUARTERS OKIGWE RD
- RET SHOP – NAZE MARKET (090)
- RET SHOP – IMO STATE SECTARIAT(090)
- HADEJIA BRANCH
- KADUNA BRANCH
- A2 AHMADU BELLO WAY BRANCH
- UNGWAN RIMI BRANCH
- NNPC REFINERY KADUNA BRANCH
- GUMI MAIN MARKET
- JAJI, COMMAND AND STAFF COLLEGE
- ALI AKILU ROAD BRANCH
- ZARIA BRANCH
- KACHIA ROAD KADUNA
- KADUNA, ISA KAITA ROAD
- RET SHOP – ZARIA (127)
- ANCHAU BRANCH
- KANO BRANCH
- BELLO ROAD BRANCH KANO
- KATIN KWARI BRANCH
- BAYERO UNIVERSITY BRANCH
- RET SHOP – DAWANUA, KANO (058)
- BICHI BRANCH
- AMINU KANO TEACHING HOSPITAL BRANCH
- KANO, FRANCE ROAD, SABON GARI
- RET SHOP – BAYERO UNI. KANO (007)
- KATSINA, NAGODO ROAD
- KATSINA BRANCH
- KAFUR BRANCH
- DANJA BRANCH
- BIRNIN KEBBI, SANI ABACHA ROAD
- OBAJANA CASH CENTRE
- LOKOJA, MURTALA MUHAMMED WAY
- FOLAWIYO STREET BRANCH
- ILORIN, IBRAHIM TAIWO ROAD
- KWARA STATE POLYTECHNIC
- IBEJU LEKKI
- VICTORIA ISLAND BRANCH
- IDEJO BRANCH
- IKOTA BRANCH
- LEKKI CHEVRON BRANCH
- AJOSE ADEOGUN BRANCH
- IKOYI, AWOLOWO ROAD
- AJAH, LEKKI – EPE EXPRESSWAY
- AJAH, ADDO ROAD
- LEKKI PHASE I, ADMIRALTY WAY
- RET SHOP – IKOTA, VGC LAGOS (095)
- LAGOS ISLAND, KING GEORGE V BRANCH
- BROAD STREET 2 BRANCH
- BBA LAGOS, ATIKU ABUBAKAR PLAZA
- TRADE FAIR COMPLEX, ASPAMDA, HALL 2
- ALABA, DENSINE PLAZA OLOJO DRIVE
- ALABA INTERNATIONAL, DOBBILL PLAZA AVENUE
- MAZA MAZA BRANCH
- ALABA INTERNATIONAL, OLD GARAGE
- OLD OJO BRANCH
- LIGALI AYORINDE
- ADEYEMO ALAKIJA BRANCH
- ADEOLA ODEKU BRANCH
- ADEOLA HOPEWELL BRANCH
- AWOLOWO ROAD 2 BRANCH
- SAKA TINUBU BRANCH
- RET SHOP – PALMS MALL, LAGOS (026)
- BURMA ROAD APAPA BRANCH
- BROAD STREET BRANCH
- CREEK ROAD APAPA BRANCH
- TINCAN ISLAND BRANCH
- APONGBON BRANCH
- IBAFON BRANCH
- POINT ROAD BRANCH
- MARINA BOI BRANCH
- 48 MARINA BRANCH
- LAGOS ISLAND, MARINA
- LAGOS ISLAND, BALOGUN STREET
- APAPA, LIVERPOOL ROAD
- APAPA, BURMA ROAD
- TRADE FAIR BRANCH
- ASPAMDA BRANCH
- FESTAC 2 BRANCH
- AGUDOSI BRANCH
- MAZA MAZA, OLD OJO ROAD
- RET SHOP – SATELLITE TOWN (028)
- OLD ALABA MOTOR PARK
- OJUELEGBA BRANCH
- GBAGADA, GBAGADA EXPRESSWAY
- IDI-ARABA BRANCH
- LAWANSON/ITIRE RD BRANCH
- RET SHOP – ALUMINUM VILLAGE (011)
- RET SHOP – IYANA IPAJA (110)
- TOYIN STREET BRANCH
- IKEJA, 60 OPEBI ROAD
- MARYLAND,MOBOLAJI BANK ANTHONY WAY
- RET SHOP – ISHERI, BERGER)
- IDDO BRANCH
- KOSOKO STREET BRCH
- NNAMDI AZIKWE STREET IDUMOTA BRANCH
- OYINGBO BRANCH
- LAGOS ISLAND, OKE ARIN
- YABA, HERBERT MACAULAY ROAD BRANCH
- SURULERE, ENITAN STREET AGUDA
- RET SHOP – JANKARA , LAGOS ISD(002)
- RET SHOP – OGUNLANA DRIVE (051)
- RET SHOP – BARIGA AKOKA (087)
- LASU CAMPUS BRANCH
- AMUWO ODOFIN BRANCH
- SEME BORDER, BADAGRY EXPRESS WAY
- FESTAC TOWN, SECOND AVENUE
- COKER, LAGOS/BADAGRY EXPRESSWAY
- TRADE FAIR COMPLEX, ASPAMDA OFFICE BLOCK 2
- BBA LAGOS, BANK PLAZA
- PALM AVENUE BRANCH
- ILUPEJU BRANCH
- MATORI BRANCH
- IKORODU 2 BRANCH
- TEJUOSHO BRANCH
- ILUPEJU 2 BRANCH
- GBAGADA BRANCH
- OJOTA BRANCH
- ODOGUNYAN BRANCH
- OSHODI BRANCH
- MATORI, LADIPO STREET
- OJUELEGBA, SHIFAWU STREET
- OSHODI, OSHODI-APAPA EXPRESSWAY
- RET SHOP – TEJUOSHO MKT, LAG (050)
- RET SHOP – KETU (088)
- RET SHOP – DALEKO (099)
- RET SHOP – OJUWOYE MARKET (099)
- OSOLO WAY BRANCH
- NAHCO BRANCH
- EGBEDA BRANCH
- EJIGBO BRANCH
- IJU BRANCH
- DOPEMU BRANCH
- IYANA IPAJA, LAGOS ABEOKUTA EXPRESS WAY
- ISOLO, MUSHIN ROAD
- IDIMU, IDIMU ROAD IKOTUN
- OKOTA, 56 AGO PALACE WAY
- AKOWONJO, SHASHA ROAD
- MAFOLUKU, INTL AIRPORT ROAD
- RET SHOP – OKOTA, ISOLO LAGOS (004)
- ADENIYI JONES IKEJA BRANCH
- OJODU BERGER BRANCH
- OPEBI BRANCH
- IKEJA, AWOLOWO WAY
- OREGUN BRANCH
- IKEJA, LADIPO OLUWOLE STREET
- OGBA, IJAIYE ROAD
- ALAUSA BRANCH
- OREGUN, ZIATECH ROAD OREGUN
- IKEJA GRA, JOEL OGUNNAIKE STREET
- MAGODO, CMD ROAD IKOSI
- RET SHOP – IFAKO AGEGE (080)
- RET SHOP – IFAKO GBAGADA (087)
- IDUMOTA BRANCH
- OGUNLANA DRIVE BRANCH
- 67 ST FINBARRS RD-BARIGA
- IJESHATEDO BRANCH
- UNIVERSITY OF LAGOS BRANCH
- SABO YABA BRANCH
- ADENIJI ADELE BRANCH
- EBUTE METTA BRANCH
- EBUTE METTA, MARKET STREET OYINGBO
- APONGBON, ISSA WILLIAMS/OFFIN RD
- RET SHOP – IDDO, EBUTE METTA)
- ARTICLE MARKET BRANCH
- RET SHOP-NASS. STATE UNI.KEFFI(073)
- LAFIA, DOMA ROAD
- KEFFI, ABUBAKAR BURGA STREET
- MINNA, PAIKO ROAD
- SULEJA DEPOT CASH CENTRE
- MINNA 2 BRANCH
- SULEJA, IBB MARKET
- OOU BRANCH
- ABEOKUTA, UACN COMPLEX IBARA
- SAGAMU, AKARIGBO STREET
- IJEBU ODE, 35 IBADAN ROAD
- COVENANT BRANCH
- RCCG CAMP BRANCH
- OKE ILEWO BRANCH
- ILARO BRANCH
- OTTA, OTTA INDUSTRIAL LAYOUT
- OWODE YEWA MARKET BRANCH
- IDI IROKO BORDER BRANCH
- OTTA, IDIROKO ROAD
- RET SHOP – BABCOCK UNIVERSITY (137)
- AKURE BRANCH
- ADEKUNLE AJASIN UNIVERSITY CAMPUS BRANCH
- AKURE, OYEMEKUN STREET
- ONDO, YABA ROAD
- ADEYEMI COLLEGE OF EDUCATION
- IREE BRANCH
- ILESHA, ITA BALOGUN STREET
- ILE IFE BRANCH
- IPETU IJESHA BRANCH
- OAU ILE IFE BRANCH
- REDEEMER UNIVERSITY EDE BRANCH
- SAKI BRANCH
- APOMU BRANCH
- LAUTECH BRANCH
- BODIJA BRANCH 2
- IWO ROAD 2 BRANCH
- UCH IBADAN BRANCH
- IBADAN, OKE – ADO
- IBADAN, AGODI UCH SECOND GATE
- OYO BRANCH
- OJOO BRANCH
- OGBOMOSO BRANCH
- OGBOMOSHO, ILORIN ROAD
- BODIJA BRANCH 1
- NEW COURT ROAD BRANCH
- EKOTEDO BRANCH IBADAN
- JOS BRANCH
- JOS, COMMERCIAL AREA
- JOS, CLUB ROAD
- RET SHOP – KATAKO (015)
- BUKURU BRANCH
- RET SHOP – UNIVERSITY OF JOS (055)
- IKOKWU BRANCH
- RET SHOP – OLD ABA ROAD, PH (086)
- BONNY CASH CENTRE
- ELEME BRANCH
- EASTERN BULKCEMENT BRANCH
- PH, TRANS AMADI
- PH, FOT ONNE
- OBIGBO PH, LOCATION ROAD
- RET SHOP – ODUA ROAD, PHC (003)
- BORI BRANCH
- UNIPORT BRANCH
- RSUST BRANCH
- PH, 50 IKWERRE ROAD
- PLOT105 OLU OBASANJO PH BRANCH
- GARRISON BRANCH
- GADA MARKET BRANCH
- USMAN DANFODIO UNIVERSITY BRANCH
- SOKOTO, MAIDUGURI ROAD
- GUSAU, CANTEEN ROAD
No comments:
Post a Comment
WE LOVE COMMENTS, POST A COMMENT