Home Why CBN revoked license of Heritage Bank

Why CBN revoked license of Heritage Bank

Share
Heritage Bank logo
Share

By Chioma Obinagwam

Nigeria’s apex bank, the Central Bank of Nigeria(CBN) has revoked the operating license of Heritage Bank.

Confiance News gathered from a statement issued by CBN on Monday

CBN said that the bank failed to improve its financial performance, which violates Section 12(1) of the Banks and other Financial Institutions Act(BOFIA) 2020 and poses a threat to financial stability.

 

 

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Member

Don't Miss

‎Why Jesus Is never called “The Late Jesus”‎

By Chioma Obinagwam‎‎Across all of human history, spanning thousands of years and countless civilisations, not one person has ever referred to Jesus Christ...

‎APC Chairman Yilwatda urges unity, hope this Easter‎

‎By Chioma Obinagwam‎The National Chairman of the All Progressives Congress (APC), Professor Nentawe Yilwatda, has extended warm Easter greetings to Christians across Nigeria.‎‎Confiance...

Related Articles

‎Why Jesus Is never called “The Late Jesus”‎

By Chioma Obinagwam‎‎Across all of human history, spanning thousands of years and...

‎APC Chairman Yilwatda urges unity, hope this Easter‎

‎By Chioma Obinagwam‎The National Chairman of the All Progressives Congress (APC), Professor...

‎Why APC Chairman donated ₦15m to victims of Plateau killings‎

By Chioma Obinagwam‎‎The National Chairman of the All Progressives Congress (APC), Professor...

APC Chairman demands tech-driven Security to end Plateau bloodshed

‎By Chioma Obinagwam‎‎Professor Nentawe Yilwatda, National Chairman of the All Progressives Congress...