The Nation Newspaper Heritage Bank: Reps to engage CBN, NDIC, stakeholders
The House of Representatives said Monday, June 3, that its relevant committees will engage with the management of the Central Bank of Nigeria and the Nigeria Deposit Insurance Corporation to ensure that issues surrounding the revocation of the license of Heritage Bank to the orderly resolution of the issues.
The statement said: “The House of Representatives is aware of the recent revocation of the license of Heritage Bank by the Central Bank of Nigeria and the appointment of the Nigeria Deposit Insurance Corporation as the liquidators, in accordance with the provisions of the Banks and Other Financial Institutions Act .
The statement also quite the Chairman of the House Committee on Banking Regulations, Hon. Mohammed Bello El-Rufai as saying that “the Committee on Banking Regulations will closely monitor the liquidation process to ensure that the rights of depositors are protected and that the process adheres to the highest standards of transparency and accountability.”
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