The Central Bank of Nigeria, CBN, has revoked the operating licence of Heritage Bank.

The Acting Director, Corporate Communications, CBN, Hakama Sidi Ali, disclosed this in a statement.
She said: “The Central Bank of Nigeria, CBN, in accordance with its mandate to promote a sound financial system in Nigeria and in exercise of its powers under Section 12 of the Banks and Other Financial Act (BOFIA) 2020, hereby revokes the licence of Heritage Bank Plc with immediate effect.

‘This action has become necessary due to the bank’s breach of Section 12 (1) of BOFIA, 2020
“The Board and Management of the bank have not been able to improve the bank’s financial performance, a situation which constitutes a threat to financial stability.

“This follows a period during which the CBN engaged with the bank and prescribed various supervisory steps intended to stem the decline.

“Regrettably, the bank has continued to suffer and has no reasonable prospects of recovery, thereby making the revocation of the license the next necessary step.

“Consequently, the CBN has taken this action to strengthen public confidence in the banking system and ensure that the soundness of our financial system is not impaired.

“The Nigeria Deposit Insurance Corporation (NDIC) is hereby appointed as the Liquidator of the bank in accordance with Section 12 (2) of BOFIA, 2020.

“We wish to assure the public that the Nigerian financial system remains on a solid footing. The action we are taking today reflects our continued commitment to take all necessary steps to ensure the safety and soundness of our financial system.”

Editor

By Editor

133 thought on “Breaking: CBN revokes licence of Heritage Bank”
  1. Hi there, simply became alert to your weblog via Google, and located that it’s really informative. I am gonna watch out for brussels. I?ll be grateful if you happen to continue this in future. A lot of other people will likely be benefited from your writing. Cheers!

  2. We would also like to express that most individuals that find themselves devoid of health insurance can be students, self-employed and those that are jobless. More than half in the uninsured are under the age of Thirty-five. They do not experience they are wanting health insurance since they are young as well as healthy. Their own income is frequently spent on homes, food, and entertainment. Lots of people that do work either complete or part-time are not provided insurance via their jobs so they move without owing to the rising expense of health insurance in the states. Thanks for the ideas you talk about through this site.

  3. Hi there would you mind sharing which blog platform you’re using? I’m planning to start my own blog in the near future but I’m having a difficult time deciding between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design and style seems different then most blogs and I’m looking for something completely unique. P.S Apologies for being off-topic but I had to ask!

  4. Fantastic beat ! I wish to apprentice while you amend your website, how can i subscribe for a blog site? The account helped me a acceptable deal. I had been a little bit acquainted of this your broadcast offered bright clear concept

  5. You could certainly see your enthusiasm within the paintings you write. The arena hopes for more passionate writers such as you who are not afraid to mention how they believe. Always go after your heart.

  6. This is undoubtedly one of the best articles I’ve read on this topic! The author’s extensive knowledge and passion for the subject shine through in every paragraph. I’m so thankful for coming across this piece as it has deepened my understanding and stimulated my curiosity even further. Thank you, author, for taking the time to produce such a phenomenal article!

  7. Thanks for giving your ideas. I’d also like to say that video games have been at any time evolving. Modern tools and innovations have made it easier to create genuine and enjoyable games. These entertainment video games were not that sensible when the real concept was first being experimented with. Just like other areas of know-how, video games too have had to advance via many decades. This itself is testimony to the fast progression of video games.

  8. With havin so much content and articles do you ever run into any issues of plagorism or copyright violation? My website has a lot of completely unique content I’ve either created myself or outsourced but it looks like a lot of it is popping it up all over the web without my agreement. Do you know any methods to help stop content from being ripped off? I’d genuinely appreciate it.

  9. When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get four e-mails with the same comment. Is there any way you can remove me from that service? Thank you!

  10. I have been exploring for a little for any high quality articles or blog posts on this kind of area . Exploring in Yahoo I at last stumbled upon this site. Reading this info So i am happy to convey that I’ve a very good uncanny feeling I discovered just what I needed. I most certainly will make certain to do not forget this web site and give it a look on a constant basis.

  11. Thanks for the suggestions you have contributed here. Something else I would like to mention is that laptop or computer memory needs generally go up along with other advances in the technological innovation. For instance, when new generations of processor chips are introduced to the market, there’s usually a similar increase in the type calls for of all personal computer memory plus hard drive room. This is because the application operated through these processor chips will inevitably increase in power to leverage the new technological innovation.

  12. I was recommended this web site by my cousin. I am not sure whether this post is written by him as no one else know such detailed about my problem. You’re wonderful! Thanks!

  13. I believe that avoiding ready-made foods is the first step to be able to lose weight. They will taste beneficial, but prepared foods currently have very little nutritional value, making you feed on more only to have enough electricity to get over the day. When you are constantly eating these foods, converting to whole grain products and other complex carbohydrates will make you to have more vitality while having less. Thanks alot : ) for your blog post.

  14. Hi there! This post couldn’t be written any better! Reading through this post reminds me of my old room mate! He always kept chatting about this. I will forward this page to him. Pretty sure he will have a good read. Thanks for sharing!

  15. One more thing is that when searching for a good internet electronics shop, look for online shops that are frequently updated, trying to keep up-to-date with the most up-to-date products, the very best deals, plus helpful information on services and products. This will make sure that you are handling a shop that really stays on top of the competition and provides you what you ought to make intelligent, well-informed electronics purchases. Thanks for the important tips I’ve learned through the blog.

  16. whoah this weblog is magnificent i love studying your posts. Keep up the good work! You understand, many individuals are hunting around for this information, you could help them greatly.

  17. This article is a refreshing change! The author’s unique perspective and insightful analysis have made this a truly engrossing read. I’m thankful for the effort she has put into producing such an educational and mind-stimulating piece. Thank you, author, for sharing your knowledge and sparking meaningful discussions through your brilliant writing!

  18. Thank you for the sensible critique. Me and my neighbor were just preparing to do a little research on this. We got a grab a book from our area library but I think I learned more from this post. I’m very glad to see such magnificent info being shared freely out there.

  19. Great goods from you, man. I’ve take into account your stuff prior to and you’re simply too magnificent. I really like what you’ve received right here, really like what you are stating and the way in which during which you assert it. You make it enjoyable and you still care for to stay it sensible. I cant wait to learn far more from you. That is actually a tremendous website.

  20. I just could not leave your web site prior to suggesting that I really loved the usual information a person supply for your visitors? Is going to be again regularly in order to investigate cross-check new posts

  21. Hello there, just become aware of your weblog via Google, and found that it’s really informative. I?m going to watch out for brussels. I?ll appreciate in case you continue this in future. Many folks might be benefited out of your writing. Cheers!

  22. Unquestionably believe that which you stated. Your favorite reason appeared to be at the net the simplest thing to understand of. I say to you, I definitely get annoyed while other people consider worries that they plainly do not know about. You managed to hit the nail upon the top and outlined out the entire thing with no need side-effects , other folks can take a signal. Will likely be back to get more. Thanks

  23. I additionally believe that mesothelioma cancer is a rare form of melanoma that is normally found in individuals previously familiar with asbestos. Cancerous tissue form inside the mesothelium, which is a protecting lining which covers a lot of the body’s areas. These cells normally form inside lining on the lungs, belly, or the sac which actually encircles the heart. Thanks for expressing your ideas.

  24. Thanks for your valuable post. Through the years, I have come to be able to understand that the particular symptoms of mesothelioma cancer are caused by a build up associated fluid involving the lining in the lung and the chest cavity. The condition may start from the chest place and propagate to other body parts. Other symptoms of pleural mesothelioma include fat loss, severe breathing in trouble, throwing up, difficulty ingesting, and bloating of the face and neck areas. It ought to be noted that some people living with the disease tend not to experience almost any serious indicators at all.

  25. I’ve been surfing online more than 3 hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. In my view, if all site owners and bloggers made good content as you did, the internet will be a lot more useful than ever before.

  26. Thanks for these guidelines. One thing I should also believe is always that credit cards offering a 0 interest rate often entice consumers with zero monthly interest, instant acceptance and easy on the web balance transfers, however beware of the most recognized factor that is going to void your current 0 easy road annual percentage rate as well as throw you out into the poor house rapidly.

  27. Thank you for sharing excellent informations. Your website is very cool. I am impressed by the details that you have on this web site. It reveals how nicely you perceive this subject. Bookmarked this website page, will come back for more articles. You, my friend, ROCK! I found simply the info I already searched all over the place and simply could not come across. What a great web site.

  28. Hi, i think that i saw you visited my site so i came to ?return the favor?.I’m trying to find things to improve my website!I suppose its ok to use some of your ideas!!

  29. I was suggested this blog by my cousin. I’m not sure whether this post is written by him as nobody else know such detailed about my problem. You are amazing! Thanks!

  30. Awesome blog you have here but I was wondering if you knew of any community forums that cover the same topics talked about here? I’d really like to be a part of online community where I can get feed-back from other knowledgeable individuals that share the same interest. If you have any suggestions, please let me know. Kudos!

  31. Thanks for the tips you have discussed here. Also, I believe there are several factors which keep your car insurance policy premium lower. One is, to take into consideration buying motors that are from the good set of car insurance organizations. Cars which are expensive are definitely more at risk of being lost. Aside from that insurance coverage is also using the value of your car, so the more costly it is, then higher this premium you spend.

  32. Aw, this was a really nice post. In concept I want to put in writing like this moreover ? taking time and precise effort to make a very good article? however what can I say? I procrastinate alot and under no circumstances appear to get one thing done.

  33. Howdy! Would you mind if I share your blog with my facebook group? There’s a lot of folks that I think would really enjoy your content. Please let me know. Thank you

  34. I do not even know how I finished up right here, but I believed this post was once great. I don’t know who you might be however certainly you are going to a famous blogger for those who are not already 😉 Cheers!

  35. An impressive share, I simply given this onto a colleague who was doing just a little analysis on this. And he in reality purchased me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! However yeah Thnkx for spending the time to debate this, I really feel strongly about it and love reading more on this topic. If attainable, as you turn out to be experience, would you mind updating your blog with extra details? It is extremely useful for me. Massive thumb up for this blog submit!

  36. Thanks for these pointers. One thing I also believe is that often credit cards providing a 0 rate of interest often attract consumers together with zero interest, instant authorization and easy internet balance transfers, nonetheless beware of the number one factor that may void the 0 easy street annual percentage rate as well as throw one out into the terrible house rapid.

  37. Great post. I was checking constantly this blog and I am impressed! Very useful information specifically the final section 🙂 I take care of such info a lot. I used to be looking for this particular information for a very long time. Thank you and best of luck.

  38. I have viewed that wise real estate agents all around you are starting to warm up to FSBO ***********. They are noticing that it’s not only placing a sign in the front area. It’s really in relation to building associations with these sellers who at some point will become buyers. So, if you give your time and energy to encouraging these vendors go it alone : the “Law connected with Reciprocity” kicks in. Great blog post.

  39. What an informative and thoroughly-researched article! The author’s attention to detail and aptitude to present complicated ideas in a digestible manner is truly admirable. I’m totally enthralled by the scope of knowledge showcased in this piece. Thank you, author, for providing your knowledge with us. This article has been a game-changer!

  40. Excellent goods from you, man. I have take into account your stuff previous to and you are simply extremely great. I really like what you have acquired here, certainly like what you’re stating and the best way by which you assert it. You make it enjoyable and you still care for to keep it wise. I can’t wait to learn far more from you. This is actually a tremendous website.

  41. Thanks for your write-up. What I want to comment on is that when you are evaluating a good on-line electronics shop, look for a site with comprehensive information on important factors such as the security statement, security details, any payment methods, and other terms in addition to policies. Always take time to investigate the help and also FAQ areas to get a much better idea of how the shop works, what they are able to do for you, and in what way you can make the most of the features.

  42. I am really loving the theme/design of your blog. Do you ever run into any browser compatibility problems? A number of my blog audience have complained about my site not working correctly in Explorer but looks great in Safari. Do you have any recommendations to help fix this problem?

  43. Hi there! Someone in my Facebook group shared this website with us so I came to take a look. I’m definitely enjoying the information. I’m bookmarking and will be tweeting this to my followers! Exceptional blog and great design and style.

  44. Yet another thing I would like to say is that in place of trying to accommodate all your online degree training on days of the week that you finish work (because most people are worn out when they get back), try to arrange most of your sessions on the saturdays and sundays and only one or two courses in weekdays, even if it means taking some time away from your saturday and sunday. This pays off because on the week-ends, you will be more rested in addition to concentrated in school work. Thanks alot : ) for the different suggestions I have acquired from your blog.

  45. Hey there just wanted to give you a quick heads up. The text in your content seem to be running off the screen in Chrome. I’m not sure if this is a format issue or something to do with internet browser compatibility but I figured I’d post to let you know. The design look great though! Hope you get the problem solved soon. Many thanks

  46. My developer is trying to persuade me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using Movable-type on a number of websites for about a year and am anxious about switching to another platform. I have heard good things about blogengine.net. Is there a way I can transfer all my wordpress content into it? Any help would be really appreciated!

  47. I believe that a foreclosures can have a significant effect on the debtor’s life. Mortgage foreclosures can have a Several to a decade negative relation to a client’s credit report. A borrower that has applied for a mortgage or just about any loans for example, knows that the actual worse credit rating is definitely, the more difficult it is for any decent bank loan. In addition, it can affect a new borrower’s power to find a reasonable place to let or hire, if that will become the alternative property solution. Thanks for your blog post.

Leave a Reply

Your email address will not be published. Required fields are marked *