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.
For the avoidance of doubt, we wish to further state that no
Nigerian Bank is in distress.
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.
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