BusinessBanking/FinanceFirst Bank Denies Closure of Branches

First Bank Denies Closure of Branches

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By Tosin Olatokunbo

First Bank Nigeria, FBN has denied any plan to close down all its branches in Nigeria’s South East due to security concerns. The first generation commercial bank in the country has over 65 branches in the zone, but recent reports suggest the intention of the Kazeem Adeduntan-led management to shut down those branches.

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But in a terse statement on Wednesday, signed by Folake Ani-Mumuney Group Head, Marketing & Corporate Communications and made available to the magazine, the Deposit Money Bank, DMB denied nursing such plans.

“The bank said “This is to inform the public that our South East branches are fully open for business. Please disregard any news making the rounds that is contrary to this.”

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With over 750 business locations and over 100,000 Banking Agents spread across 99% of the 774 Local Government Areas in Nigeria, FirstBank provides a comprehensive range of retail and corporate financial services to serve its over 30 million customers.

The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as a Representative Office in Beijing

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