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COVID-19: Union Bank closes some branches, downgrades activities in FCT, Lagos, Ogun

Ruth Okwumbu-Imafidon by Ruth Okwumbu-Imafidon
April 1, 2020
in Business News, Company News
Union Bank reports 33% growth in PBT for FY2019, Union bank releases FY 2019 financial result, records profit increase,Union bank releases FY 2019 financial result, records profit increase, COVID-19: UBN activates Flexiwork, COVID-19: Union Bank closes some branches, downgrades activities in FCT, Lagos, Ogun, Union Bank seals $40million partnership with IFC.

Emeka Emuwa

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Union Bank of Nigeria has shut a number of its branches nationwide while maintaining skeletal activities in some others, and full operations in a few.

In a message to its customers, the bank said, “Due to the impact of COVID-19, we are modifying how we serve you. Bank safely with Union mobile and cards.”  

The modification will see most branches across the country shut with only the Automated Teller Machines operational, while some will stay open but only accept envelope deposits in order to prevent crowd in the banking halls. Only a few branches in major cities will still have full operations.

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In Lagos State, where the lockdown is total, 11 branches including the head office at Marina, Herbert Macaulay Way Yaba, Oba Akran Avenue, Ikeja, 3rd Avenue Festac Town, Ikorodu, and Adeola-Odeku will remain fully operational while the branches at Tinubu Square and Western Avenue will keep the ATMs operational and receive envelope deposits only.

[READ MORE: COVID-19: Lagos state has recorded no deaths)

A total of 38 branches, including the branches at Lawanson Surulere, Ogudu, Oshodi, Oregun, Agege, will only have the ATMs operations while the banking hall would be shut.

Union Bank's statement

The FCT will only have 3 branches fully operational: Kubwa, Wuse II and Abuja Municipal. The banking hall in other branches will be shut to walk-in customers, but the ATMs would be available for use.

In Ogun State, where the lockdown is also effective, the branch at Onikolobo Road Abeokuta will be fully operational, while the branch at Ijoku, Sagamu will only receive envelope deposits with its ATMs available for use.

All other branches will only have ATMs functional for customers.

READ MORE: COVID-19: Startups groan over losses, may shutdown in months

During the presidential broadcast on Sunday evening, President Muhammadu Buhari had declared a total lockdown in the FCT, Lagos and Ogun states, exempting essential service providers including banks and financial institutions.

He, however, stated that these institutions and individuals are to maintain skeletal operations.

To view the full list of Union bank branches operational across Nigeria, click here.


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Tags: Automated Teller MachinesCoronavirusCovid-19President Muhammadu BuhariUnion Bank of Nigeria
Ruth Okwumbu-Imafidon

Ruth Okwumbu-Imafidon

Ruth Okwumbu has a MSc. and BSc. in Mass Communication from the University of Nigeria, Nsukka, and Delta state university respectively. Prior to her role as analyst at Nairametrics, she had a progressive six year writing career. As a Business Analyst with Narametrics, she focuses on profiles of top business executives, founders, startups and the drama surrounding their successes and challenges. You may contact her via ruth.okwumbu@nairametrics.ng

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