The Indigenous People of Biafra’s (IPOB) sit-at-home order has significantly disrupted economic activities in southeastern Nigeria, leading to a sharp decline in bank patronage and a surge in reliance on Point-of-Sale (POS) agents for financial transactions.
According to a report by SBM Intelligence, commercial banks across the region have suffered from reduced customer engagement as individuals opt for safer transaction alternatives in response to security concerns.
Implemented since August 2021, the sit-at-home directive compels residents to remain indoors and mandates businesses to shut down every Monday.