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Home Business & Finance

NDIC Probes Heritage Bank’s Directors, Managers

Nnaemeka OkwarabyNnaemeka Okwara
July 15, 2024
in Business & Finance
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NDIC Probes Heritage Bank’s Directors, Managers
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Following the recent revocation of Heritage Bank PLC’s banking license by the Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation (NDIC) and law enforcement agencies have initiated a comprehensive investigation into the actions of the bank’s directors, managers, and officers.

The investigation aims to hold accountable those found responsible for the bank’s collapse, in accordance with Article 12 of the Core Principles of Effective Deposit Insurance. This principle mandates deposit insurers like the NDIC to establish mechanisms for bringing to justice parties culpable in the failure of their bank or financial institution.

The NDIC, in collaboration with law enforcement agencies, will leave no stone unturned in its quest to unravel the circumstances surrounding the bank’s collapse. The Corporation is committed to ensuring that those responsible for the bank’s failure are held accountable for their actions, and that the interests of depositors and other stakeholders are protected.

The investigation is ongoing, and the NDIC will provide updates as necessary. The Corporation urges anyone with information relevant to the investigation to come forward and assist in ensuring that those responsible for the bank’s failure are brought to book. The NDIC remains committed to maintaining the stability and integrity of Nigeria’s financial system, and to protecting the interests of depositors and other stakeholders.

Tags: federal characterFinanceHeritage BankManagersNDICNDIC Probes Heritage Bank's DirectorsNews
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

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