Heritage Bank is Not in Distress – CBN

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The Central Bank of Nigeria (CBN) has said that Heritage bank is not in distress, and that no Nigeria Bank is in distress.

A statement from the apex bank signed by Isaac Okorafor, the Ag. Director, Corporate Communications, urged depositors and general public to go about their transactions with the bank without fear.

“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.
We wish to state that Heritage Bank is not in distress and as such its depositors should go about their transactions without fear.” He said.

Okorafor added that, the CBN, 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 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.” He said

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