• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Friday, June 13, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home News

CBN Revokes Licence Of Heritage Bank

Nathaniel Irobi by Nathaniel Irobi
June 3, 2024
in News
0
CBN Revokes Licence Of Heritage Bank

CBN Revokes Licence Of Heritage Bank

0
SHARES
4
VIEWS
FacebookTwitterWhatsappEmailTelegram

The Central Bank of Nigeria (CBN) has revoked the licence of Heritage Bank Plc with immediate effect.

Hakama Sidi Ali, Acting Director, Corporate Communication at the apex bank, announced this in a statement on Monday.

RelatedPosts

At Least 32 Dead, Dozens Missing After Two Boats Capsize In DR Congo’s Lake Tumba

National Award: Gen. Gora Celebrates Governor Sani

Fresh Polio Threat: UNICEF Raises Alarm Over Rising Paralysis Cases, Urges Media, LGs To Act

Ali said the action became necessary due to the bank’s breach of Section 12 (1) of BOFIA, 2020.

She said: “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 licence the next necessary step.”

Mrs Halima said 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.

She said the Nigeria Deposit Insurance Corporation (NDIC) had been appointed as the Liquidator of the bank in accordance with Section 12 (2) of BOFIA, 2020.

She said: “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.”

ALSO READ:  Make Public Offices Unattractive— Labour Party urges Tinubu
Tags: Licence
Nathaniel Irobi

Nathaniel Irobi

Related Posts

At Least 32 Dead, Dozens Missing After Two Boats Capsize In DR Congo’s Lake Tumba

At Least 32 Dead, Dozens Missing After Two Boats Capsize In DR Congo’s Lake Tumba

by Nathaniel Irobi
June 13, 2025
0

At least 32 people have died and dozens remain missing after two overcrowded boats capsized in Lake Tumba, located in...

National Award: Gen. Gora Celebrates Governor Sani

National Award: Gen. Gora Celebrates Governor Sani

by Tambaya Julius
June 12, 2025
0

By Tambaya Julius, Abuja Brigadier General Simon Katunku Gora (Rtd) today congratulated His Excellency, Senator Uba Sani, the Executive Governor...

Fresh Polio Threat: UNICEF Raises Alarm Over Rising Paralysis Cases, Urges Media, LGs To Act

Fresh Polio Threat: UNICEF Raises Alarm Over Rising Paralysis Cases, Urges Media, LGs To Act

by Tambaya Julius
June 12, 2025
0

By Israel Bulus, Kaduna Despite years of progress in Nigeria’s battle against polio, UNICEF has raised serious concerns over a...

Recommended

2027:Coalition Groups Endorse Tinubu, Uba Sani

2027:Coalition Groups Endorse Tinubu, Uba Sani

2 days ago
Ngugi’s Politics of Language and Time for Introspection

Ngugi’s Politics of Language and Time for Introspection

6 days ago

Popular News

  • Arewa group hails Tinubu’s inclusive appointments

    NURTW President Hails Tinubu’s Reforms, Urges Greater Support For Transport Sector

    0 shares
    Share 0 Tweet 0
  • Group Warns Against Attempt To Pitch Senator Katung Against Tinubu, Gov Uba Sani

    0 shares
    Share 0 Tweet 0
  • NAHCON Officials Grumble in Saudi Arabia Over Unpaid Allowances

    0 shares
    Share 0 Tweet 0
  • Environment Minister’s Scholarship Beneficiary Tops 2025 UTME In Northern Nigeria With 345 Score

    0 shares
    Share 0 Tweet 0
  • My Office Is Accessible To All, Hon. Bawa Tells Group

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (722)
  • Education (213)
  • Entertainment (308)
  • Health (188)
  • National (2,088)
  • News (7,855)
  • Opinion (287)
  • Politics (1,575)
  • Science (15)
  • Security (404)
  • Sports (422)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform