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Customers’ Attacks: Banks Shut Branches, Operations

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By The Punch

With the heightened tension accompanying the protracted naira scarcity in the country, some commercial banks on Tuesday directed some of their branches to shut down operations until further notice.

Findings by our correspondent revealed that some bank branches in certain parts of Lagos with no cash to pay customers were asked to shut down operations.

The directive, it was gathered, was to forestall possible violent reactions by frustrated customers who had already begun to take laws into their hands in some parts of the country.

A senior official at Sterling Bank, who declined to be named, confirmed to our correspondent that some of the bank’s branches in the Lekki area of Lagos had been closed on Tuesday.

The source said, “They opened but were asked to shut down. All branches without cash were asked to shut down. Non-essential staff have been ordered to resume remote work mode.”

The source further stated that the closure of some of the banks had become necessary due to the untenable attitude of frustrated customers who believe that commercial banks are to blame for the hardship associated with the current naira scarcity.

“Imagine a situation where some customers come to the bank with cane. They say they want to flog the bank staff. Because of certain reports in the media that EFCC have arrested some bank managers for hoarding cash, customers now think banks are the cause of the naira scarcity. This is not true,” the source further stated.

However, an emailed response from Sterling Bank read in part, “Kindly be informed that there is no memo ordering Sterling staff to work from home. All of our branches and offices are open and functioning optimally. While non-essential staff have been given the option to tap into the existing hybrid work policy (for staff members not required on-premises) due to concerns about an imminent strike by petroleum operators, essential staff are present and working on-premises during working hours to ensure the bank’s operations run smoothly.

“There have also been challenges experienced by staff in commuting to and from work due to petrol scarcity and the resultant difficulties in getting fuel. This is coupled with the growing general level of unrest in some parts of the country.

“We are pleased to inform you that all Sterling locations across the nation have the compliments of her essential staff on premises during working hours and are fully operational at this time. The bank is closely monitoring the situation and will take any necessary measures in the interest of the safety of staff, customers and the general public.”

In a similar development, our correspondent gathered that First Bank Nigeria had directed some of its branches not to open until further direction is communicated.

A source, who confirmed the development to our correspondent, said some of the bank’s branches deemed vulnerable to violent demonstrations by customers had been directed to shut down operations, while other branches that did not have the cash to pay customers were also asked to shut down.

A memo titled ‘Temporary Closure of our LASPOTECH branch, Lagos State,’ sent to the bank’s LASPOTECH branch in Lagos read, “Dear Colleagues, Following security advisory, please be informed that LASPOTECH branch in Lagos State is temporarily closed for business today Tuesday, 7 February 2023.”

Banks in Ojodu Berger and Isheri road shut down operations on Tuesday following a cash crunch that continues in the country’s financial sector.

According to the findings by The PUNCH, the Zenith Bank, opposite Ojodu Mall, had the premises closed for operation as bank customers were prevented from entering by the securities of the lending bank.

Similarly at the Guaranty Trust Bank, located at Bashiru Street, Ojodu Berger, our correspondent reported that the bank was shut down and the ATMs did not work.

However, at the Access Bank just opposite Oremeta street, Ojodu Berger, customers were allowed entrance but one of the stranded customers who spoke with The PUNCH said there was no over-the-counter-payment at the banking hall. Also, the branch of the bank at Isheri road had no cash and ATMs did not dispense as of the time of filing this report.

When our correspondent visited Union Bank on the same street, customers were allowed entrance but only a maximum of N3000 was allowed to be withdrawn through the over-the-counter-payment system.

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Tinubu’s Absence: There’s No Vacancy in Aso Rock, Akpabio Declares

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President of the Senate, Godswill Akpabio has dismissed calls for President Bola Tinubu to hand over power to Vice President Kashim Shettima, saying there is no leadership vacuum despite the President’s continued working vacation abroad.

Speaking on Tuesday, in Akwa Ibom State, while commissioning road projects executed by Governor Umo Eno, Akpabio addressed public concern over Tinubu’s three-week holiday, which was recently extended by one week. He insisted the President remains fully in office and continues to carry out his constitutional duties.

“I am the Senate President, and I am not the acting President of Nigeria, because President Tinubu is still in power. He is on a working leave, and there is no absence in Aso Rock. The world is a global village, and one can give instructions over the internet. So, why are people complaining?” he retorted.

Akpabio emphasized that only his office can declare a presidential vacancy and that no such condition currently exists. “Right now, there is no vacancy. Asiwaju Tinubu is still in power, and he is still running the affairs of Nigeria,” he added.

To underscore the President’s continued engagement, Akpabio disclosed of recent diplomatic contacts, including communications with French President Emmanuel Macron.

His remarks may have finally put to bed, unnecessary concerns raised by critics who claim the extended absence has hindered governance. Invoking modern communication, Akpabio argued a “remote” presidency can still function effectively.

The Presidency has not provided a formal return date for President Tinubu. Akpabio’s comments, however, signal a united stance within the ruling All Progressives Congress (APC) aimed at quelling speculation about a leadership crisis.

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Nigeria Can Not Be on Vacation, Who is in Charge? Atiku Queries over Vacuum in Aso Rock

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Former Vice President Atiku Abubakar has asked the Presidency and the National Assembly to clarify who is constitutionally exercising the powers of President Bola Ahmed Tinubu following the expiration of the 21-day period announced for the President’s annual vacation.

Recall that Tinubu left Nigeria on August 30 for a three-week annual vacation in Europe. The President’s absence coincided with Vice President Kashim Shettima’s official engagements outside the country, including his current representation of Nigeria at the 81st United Nations General Assembly in New York.

In a personally signed statement on Monday, Atiku argued that the expiration of the 21-day period had raised questions under Section 145 of the 1999 Constitution regarding the transfer of presidential powers.

Section 145(1) provides for the President to transmit a written declaration to the President of the Senate and the Speaker of the House of Representatives when proceeding on vacation extending beyond a specified period or when otherwise unable to perform the functions of his office.

Atiku said Nigerians had not been shown any such declaration transferring presidential functions to Shettima.

“President Tinubu left Nigeria on 30 August. The Presidency publicly announced a three-week vacation. Yet, to date, Nigerians have not been shown any constitutional letter transmitting presidential authority to Vice President Kashim Shettima.

“The 21 days have now elapsed. If such a letter exists, the Presidency should publish it immediately,” Atiku said.

The 2027 African Democratic Congress (ADC) presidential candidate, said the constitutional provision also addresses a situation where the President fails to transmit the required declaration.

He referred to Section 145(2), which provides that where the President is unable or fails to transmit the declaration within 21 days, the National Assembly can, by a simple majority in each chamber, mandate the Vice President to perform the functions of President as Acting President.

Atiku therefore asked the National Assembly to explain whether the constitutional procedure had been activated.

“If it does not, then the constitutional mechanism contemplated by Section 145(2) has been triggered, and the National Assembly owes Nigerians an explanation as to why it has not acted.

“This is not a matter of political convenience. It is a matter of constitutional order,” he said.

Atiku further drew attention to Shettima’s presence in New York, where he is leading Nigeria’s delegation to the 81st United Nations General Assembly based on the President’s directive.

Atiku said the situation raised a question about who was exercising presidential authority in Nigeria and under what constitutional instrument.

“So again: who is exercising presidential authority in Nigeria today, and under what constitutional instrument?” he asked.

The former Vice President also criticised what he described as reliance on informal indications of presidential activity while the President remains abroad.

“Nigeria cannot be governed by assumptions. It cannot be governed by presidential social-media posts from Europe.

“It cannot be governed by photographs from private dinners at the Élysée Palace.

“It cannot be governed on autopilot,” he said.

Atiku also said President Tinubu should be in the country at a time like this, linking his concerns to recent domestic developments in the country, including the deaths of 37 Nigerians in the custody of the Nigeria Security and Civil Defence Corps in Minna.

He said the incident had led to investigations, suspensions and calls for independent scrutiny.

He also raised concerns about petrol prices, claiming that the product was selling for as much as ₦1,500 per litre in some parts of the country.

“These are not ordinary times. Yet the President is abroad. The Vice President is abroad.

“The Senate President is abroad. And Nigerians have not been told, in the clear constitutional language required of a serious democracy, who is exercising the powers of the President,” Atiku said.

Atiku acknowledged the diplomatic significance of Tinubu’s private dinner with French President Emmanuel Macron in Paris but argued that Nigeria’s governance responsibilities could not be suspended while the President was abroad.

“President Tinubu’s private dinner with President Emmanuel Macron in Paris may serve diplomatic purposes. But Nigeria itself cannot be placed on vacation.

“The Constitution does not recognise a ‘working vacation’ as an alternative system of presidential succession.

“It provides a procedure. That procedure must be obeyed,” he argued.

Atiku consequently called on the Presidency to disclose whether Tinubu transmitted the declaration required under Section 145(1) before leaving Nigeria.

He also asked the President of the Senate and the Speaker of the House of Representatives to state whether they received such a communication.

“If no declaration was transmitted within the constitutionally stipulated period, the National Assembly must explain why the procedure provided by Section 145(2) has not been activated,” he said.

Atiku concluded that the issue was bigger than the President’s personal movements, arguing that Nigerians were entitled to know who was constitutionally responsible for the exercise of presidential powers.

“Nigeria is bigger than any President.

“At a time of severe economic hardship, rising energy costs, security challenges and the shocking deaths of citizens in government custody, the country deserves visible, accountable and constitutionally grounded leadership.

“The question will not disappear: Who, constitutionally, is in charge of Nigeria?” Atiku questioned.

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Tinubu Gushes over Wife, Oluremi, at 66, Calls Her Truest Friend, Confidante

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President Bola Tinubu has celebrated his wife, Oluremi, on her 66th birthday, describing her as his “truest friend and confidante”.

In a birthday tribute to the First Lady on his verified X handle on Monday, Tinubu praised her patience, courage, compassion and unwavering support throughout their years together.

The President, who described Oluremi as the woman who had stood by him through different seasons of his life, said she had shared his burdens and provided counsel during difficult moments.

“Today, I celebrate the woman who has walked beside me with patience, grace and uncommon courage. Àwọn àgbà sọ pé, ‘Ìyàwó rere ni adé ọkọ rẹ̀.’ A good wife is her husband’s crown,” he said.

Tinubu said Oluremi had given practical meaning to the biblical description of a virtuous woman, adding that she had remained a source of strength and understanding to him.

“The burdens that were mine to bear often found their way onto your shoulders. The thoughts I could not put into words somehow found their way to you.

“In difficult times, when the future was uncertain, you stayed calm beside me and prayed with me,” he stated.

The President described the First Lady as his “truest friend and confidante”, saying she was never afraid to offer him honest counsel.

“I call you my truest friend and confidante because you speak the truth plainly, even on the days I would rather not hear it,” Tinubu said.

He also praised Oluremi for her role in raising their children and grandchildren, saying her values of faith and kindness had shaped the family.

“Our home bears the lasting imprint of your devotion. Our children and grandchildren have grown beneath the shelter of your prayers. They carry your values of faith and kindness wherever life takes them,” he said.

Tinubu also highlighted the First Lady’s humanitarian activities, recalling her work through the New Era Foundation and the Renewed Hope Initiative.

“Nigerians know you for your compassion, kindness, generosity of spirit and steadfast faith. I have watched you touch lives quietly and consistently, offering hope and support to those in need,” he said.

He added that her initiatives had supported young people, widows, elderly citizens and women farmers across the country.

“From the New Era Foundation during our years in the saddle in Lagos to the Renewed Hope Initiative today, your care has reached many young boys and girls, widows, elderly citizens, and women farmers across the country,” the President stated.

Tinubu also acknowledged Oluremi’s advocacy for people affected by tuberculosis and other diseases, describing her as a compassionate advocate and determined champion.

He said her compassion transcended ethnic, regional and religious boundaries.

“For you, compassion has never recognised the boundaries of tribe, region or religion,” he said.

Reflecting on their years together, Tinubu said their shared experiences, including difficult decisions and sacrifices, had strengthened their relationship.

“A long journey teaches a man the true value of a good partner. We have travelled a long road together. I think of the difficult decisions we talked through for hours and the sacrifices no one else saw.

“Laughter and prayer carried us through many of them,” he said.

The President said he would choose Oluremi again if given the opportunity to relive his life.

“If life returned me to the beginning, I would choose the same road that led me to you. Through every mile, my heart has always remained at home with you,” Tinubu said.

The President wished the First Lady many more years in good health and happiness.

“Happy 66th birthday, my darling Oluremi. I pray that God Almighty will grant you many more years in good health and joy,” he said.

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