Inside a Nakumatt store. Photo/facebook.com

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Giant supermarket chain Nakumatt has denied reports that the outlet has plans to close down eight branches countrywide.

In a statement on Monday, the supermarket called on customers to ignore the rumors .

"The directors of Nakumatt can categorically confirm that the company has no intentions of closing these stores, some of which are our most popular branches."

The supermarket has been facing a financial crisis due to a huge amount of money owed to suppliers.

The supermarket had asked for the government's help to clear the debts, a move which the government has turned down.