The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to sell off properties and assets belonging to the defunct Heritage Bank in a bid to recover funds for uninsured depositors. This move, which the NDIC describes as crucial, is part of its statutory mandate as the liquidator of failed banks under Section 62(1)(d) of the NDIC Act, 2023. The exercise, …

Heritage Bank Plc has debunked rumours in a section of the media alleging that some of her staff diverted funds. In a statement on Friday, the Bank described the claim as wrong and defamatory, explaining that it is implementing a long term sustainability plans premised on restructuring the bank and ensuring cost efficiency, management of its assets and resources. It …

The Central Bank of Nigeria (CBN) has approved the appointment of Akinola George-Taylor as the new Managing Director and Chief Executive Officer of Heritage Bank. The regulatory authority’s approval came six months after the bank appointed George-Taylor as acting managing director following the retirement of Ifie Sekibo. In a statement made on Sunday, the Group Head of Corporate Communications at …