LAGOS, Nigeria — A unit of Italy’s biggest bank will close in the coming weeks, leaving thousands of employees unemployed, the bank said Wednesday.
The Alfa Bank, which employs more than 2,000 people in Lagos, is part of the Bank of Italy, which operates its own branch in Nigeria, according to a statement on the bank’s website.
The closure will affect about 3,000 employees.
The bank is expected to announce a new set of business plans in the near future, it said.
The announcement comes days after Alfa announced it would sell its assets and close a branch in the southern Nigerian city of Kano, as the country struggles with the Ebola pandemic.
The bank said its assets were valued at about $6 billion, with an operating loss of more than $1 billion.