BREAKING: First Bank recovers N456 billion loan from Heritage Bank ahead of license revocation. First Bank has received the full repayment of a “N456 billion loan” extended to Heritage Bank. This recovery is part of a “bailout loan” arranged during the tenure of former Central Bank of Nigeria (CBN) Governor […]
CBN revokes Heritage Bank’s licence *Appoints NDIC as Liquidator The Central Bank of Nigeria(CBN) Monday morning revoked the license of Heritage Bank for breaching Section 12(1) of the Banks and other Financial Institutions Act(BOFIA) 2020. In a press release signed by Mrs Hakama Sidi Ali, Acting Director, Corporate Communications, the […]
Globaltimes Nigeria reports that The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE), has shut down Heritage Bank’s head office in Lagos following the sack of over 1000 personnel by the management of lender led by Mr. Akinola George-Tatylor without following due process. The union said […]