May 15, 2022

Heritage Bank lands in fresh trouble Federal House of Reps Committee

Heritage Bank lands in fresh trouble Federal House of Reps Committee
Heritage Bank lands in fresh trouble Federal House of Reps Committee

Heritage Bank lands in fresh trouble Federal House of Reps Committee

These are not the best of times for Heritage Bank Plc. as the Federal House of Representatives Committee has issued a strong warning to the financial institution.

The Reps panel has threatened to write the Central Bank of Nigeria (CBN) to take over Heritage Bank over alleged debt to the Federal Government.

Speaking at the sitting, Chairman of the committee, Adejoro Adeogun, said; “I need to send this message to Heritage Bank that we are not comedians here and we are not joking here.”

“If Heritage Bank is owing Nigeria more than its share capital, we will not hesitate to ask the national assembly to write to CBN to take over Heritage Bank.”

“They cannot be owing more than their share capital, sit on it and feel too big to respond to invitations from the national assembly.”

“Clark, you have to write to them, giving them till Wednesday next week. That is the last time we are going to give them.”Heritage Bank lands in fresh trouble Federal House of Reps Committee

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