CBN Affirms Heritage Bank & others Stability

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The Central Bank of Nigeria (CBN) has affirmed the stability of Heritage Bank Plc, in a statement signed by Acting Director, Corporate Communication Department, Mr Isaac Okorafor, said Heritage Bank is not in distress. We wish to state that Heritage Bank is not in distress and as such its depositors should go about their transactions without fear. For the avoidance of doubt, we wish to further state that no Nigerian Bank is in distress.

According to the statements “The attention of the Central Bank of Nigeria (CBN) has been drawn to false and malicious stories on the social media insinuating that Heritage Bank is under financial distress and therefore unable to discharge its obligations to its depositors”.

The CBN, said as the industry regulator, has a duty to depositors, in particular, and the economy, in general, to ensure the soundness of all financial institutions. We therefore wish to assure all depositors of the safety of their deposits. The statement stressed that the CBN also wishes to state that it will remain alive to its responsibility of ensuring banking system stability and soundness through constant monitoring and supervision of all licensed institutions. The Central Bank of Nigeria wishes to reiterate that the banking system remains resilient enough to weather the current economic storm.

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