The Central Bank of Nigeria (CBN) has revoked the licence of Heritage Bank Plc with
immediate effect.
This is according to a statement from the Acting Director, Corporate Communications
at the CBN, Mrs Hakama Sidi Ali on Monday.
The statement read:
“The Central Bank of Nigeria (CBN), in accordance with its mandate to promote a sound financial system in Nigeria and in the 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. The Nigeria Deposit Insurance Corporation has been appointed as the liquidator of Heritage Bank, following the Banks and Other Financial Act 2020'.
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