Access Bank explains freezing 8 #EndSARS promoters’ accounts

Access Bank explains freezing 8 #EndSARS promoters’ accounts

A Nigerian commercial bank, Access Bank Plc. has explained the rationale behind freezing the accounts of eight promoters of #EndSARS promoters, saying that the action followed a government directive.

The bank, in a statement on Friday, sympathized with the affected customers over the restrictions, saying: “we are eager for this to be resolved as soon as possible.”
The statement said: “we want to express our sympathy for the inconvenience that eight of our customers are going through due to the restrictions on their accounts as mandated by a federal court order.”

“It is common knowledge that we and the entire banking industry are regulated entities and therefore operate under the authority of our regulators and law enforcement agencies.

“As such we are compelled to comply with regulatory directives.

“While acknowledging the concern of all well-meaning parties, we urge that enquiries and views be channeled to the relevant regulatory and judicial agencies where the matter is receiving attention.

“It is therefore surprising that some individuals still choose to target Access Bank in a negative manner despite not being the source of the action.

“The Bank has always been at the forefront of innovative efforts in support of the development of our country.

“We embrace this role as we are also the largest employer of labour – a sizable number of which are youth.

“Access Bank has always led the way with regard to support for young Nigerians in terms of capacity building and development of SMEs.

“We continue to be concerned by the inconvenience that our affected customers are experiencing.

“We stand ready to play our part to remedy the situation and have them using their accounts as quickly as possible,” the statement concluded.