The Central Bank of Nigeria(CBN) Monday morning revoked the license of Heritage Bank for breaching Section 12(1) of the Banks and other Financial Institutions Act(BOFIA) 2020.
The NDIC has commenced the liquidation of Heritage Bank Plc, following the revocation of the bank’s license by the Central Bank of Nigeria (CBN) on Monday. The apex bank appointed the corporation as the Liquidator, pursuant to Section 12(2) of BOFIA, 2020. A statement from the NDIC said, “In accordance…
We are not revoking banking licenses of other additional banks sunnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunnewsonline.com Daily Mail and Mail on Sunday newspapers.
Nigerian lenders have started submitting plans to meet new minimum capital requirements to strengthen the financial system and support economic growth, the central bank said on Tuesday, after. -June 04, 2024 at 05:37 pm EDT
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