• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home News General

‘Economic meltdown’ Banks in Kaduna fire, demote staffs over decrease in customers’ patronage

Freelanews by Freelanews
July 22, 2021
in General
0 0
0
Kaduna
thenacre-campaign

Commercial banks in Kaduna State on Thursday, said they have lost customers following job losses, unemployment and decline in bank customers’ businesses.

Most banks visited on Thursday as workers resume from Sallah holiday were operating on a low key.

Most of the customers were at the ATM withdrawing money, while others were transferring money to their loved ones.

Several counters in some of the banks visited were empty, as staff were transferred to other sections where their services were required.

It was gathered that irked by the devasting economic meltdown, some banks in Kaduna had sacked their staff due to lack of customers, while others have placed their staff on casual status, or “pay as you work principle.”

Perfect-Aesthetic-social-1

A bank manager who pleaded anonymity said they have reduced their staff strength by 50 per cent because they are no longer making profits as their customers keep reducing on a daily basis.

“Customers are always withdrawing money without corresponding bank deposits. Where do we get money to transact businesses to earn us profits?” he asked

A customer of one of the banks in Kaduna, Dr. Amos Ubangeji explained that he had previously saved over a million in his account, but had withdrawn all due to the economic meltdown as his business is no longer in place.

Odun Ifa 2026
ADVERTISEMENT

According to him, ” I am into furniture and I have over 20 workers in my company. But, since four years ago, my customers have not shown up again. Many who have contacted me for a business, called me that they have been sacked.

” Even companies, ministries and parastatals that order for chairs, desks and office chairs are no longer making any move. Where will I get enough to take to the bank”?

adron lemon friday

Dr. Usman Abdul who lectures at the Kaduna State University, (KASU), said once his salary enters through the bank, he withdraws all without leaving a kobo in the bank.

According to him, “The salary is not enough for me. How can I leave some in the bank? Going by the cost of living today, I hardly save,” he said.

freelanews
Freelanews

Freelanews is the editorial byline of Freelanews.com, used for staff reports, news updates, press releases, and collaborative stories produced by the Freelanews Editorial Team.

Related Posts

768a6842 a95f 4417 8ee7 cda0306071cf
General

GPBN Associates and Nigerian communication commission to forge collaboration for online professionalism, data management and curbing fake news

by Quadri Olaitan
April 17, 2024
Benson jpeg
General

JUST IN: MC Oluomo’s aide dies in autocrash on Third Mainland Bridge

by Quadri Olaitan
March 8, 2024
tghethethe
General

‘Success edge’ NECO releases 2020 SSCE results, 26,277 candidates get five credits

by Freelanews
May 6, 2021
#image_title
General

FG agrees to salary increase for public servants, says Ngige

by Oreoluwa Ojelabi
March 29, 2023
WhatsApp Image 2021 03 31 at 10.20.49 AM
General

‘Curating Black British Cinema’ David Olusoga, others shine at Sheffield DocFest

by Freelanews
March 31, 2021

Leave a ReplyCancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

IMG 6583

NAF mourns 25 killed in Ondo aircraft crash

October 7, 2026
Kanayo

Kanayo, Alajemba revive fierce debate over Nollywood’s roots

October 6, 2026
MAX

MAX expands EV network with 6,000 vehicles

October 6, 2026
Ireland-Israel

UEFA investigates Ireland-Israel tunnel bust-up

October 6, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie scaled

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
IMG 6583

NAF mourns 25 killed in Ondo aircraft crash

October 7, 2026
Kanayo

Kanayo, Alajemba revive fierce debate over Nollywood’s roots

October 6, 2026
MAX

MAX expands EV network with 6,000 vehicles

October 6, 2026
Ireland-Israel

UEFA investigates Ireland-Israel tunnel bust-up

October 6, 2026
ADVERTISEMENT
October 2026
SMTWTFS
 123
45678910
11121314151617
18192021222324
25262728293031
« Sep    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • Awka

    CCTV shows armed gunmen robbing Awka POS operators at Aroma Junction in a Sunday daylight raid

    0 shares
    Share 0 Tweet 0
  • 17 mobile money operator companies licensed by CBN in Nigeria

    0 shares
    Share 0 Tweet 0
  • Yinka Babalola convenes all Nigeria Rotary peace submit in Lagos

    0 shares
    Share 0 Tweet 0
  • Never forget: Video emerges showing Palestinian militant killing two young girls during October 7 attack (Watch)

    0 shares
    Share 0 Tweet 0

Just Published!

IMG 6583

NAF mourns 25 killed in Ondo aircraft crash

October 7, 2026
Kanayo

Kanayo, Alajemba revive fierce debate over Nollywood’s roots

October 6, 2026
MAX

MAX expands EV network with 6,000 vehicles

October 6, 2026
Ireland-Israel

UEFA investigates Ireland-Israel tunnel bust-up

October 6, 2026
PZ Cussons

PZ Cussons records 39% growth in organic profit

October 6, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2026 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.