Nigerian banks shut branches for Democracy Day, push digital transactions
By Aboki Forex —
Several Nigerian banks, including Access Bank, UBA, Zenith Bank and other financial institutions, have informed customers of temporary branch closures ahead of the Democracy Day public holiday. Notices sent through emails, SMS alerts and social media updates said banking halls nationwide will not operate on Friday, June 12, in line with the national holiday declared by the Federal Government.
Thousands of bank branches across Nigeria will remain shut for the day. Customers are encouraged to use digital banking channels for transactions. In separate notices, banks explained the closure was necessary to comply with the official public holiday marking Nigeria’s Democracy Day celebration.
“We wish to inform our valued customers that our branches nationwide will be closed on Friday, June 12, due to the Democracy Day public holiday,” one notice read. Customers were advised to rely on mobile banking apps, ATMs, internet banking platforms, USSD services and debit cards for transfers, bill payments and other transactions during the holiday. Some lenders assured customers that banking operations will fully resume on Monday, June 15.
The announcement has triggered mixed reactions among customers, especially business owners and traders who depend on physical banking services for cash deposits and urgent transactions. Some customers expressed concerns over possible delays in transfers and difficulties accessing banking services during the holiday, particularly amid rising demand for cash transactions across major markets.
Banking officials noted that electronic banking systems will remain operational throughout the period to reduce disruptions. Industry analysts say Nigerian banks have increasingly shifted focus toward digital banking infrastructure, reducing dependence on physical branch operations during public holidays and weekends.
Nigeria celebrates Democracy Day every June 12 to commemorate the country’s return to democratic governance and honour the late Chief Moshood Kashimawo Abiola, widely regarded as the winner of the annulled June 12, 1993, presidential election. Government offices, schools and many private businesses are expected to remain closed nationwide as part of the celebration.
Customers have been urged to complete urgent over-the-counter transactions before the holiday to avoid inconvenience. Banks also reminded users to stay alert against online fraud and suspicious links while carrying out digital transactions during the holiday period.