Heritage Bank Crisis

₦100 Million in Limbo Amid the Heritage Bank Crisis: A Cautionary Tale on the Risks of Keeping Large Sums in the Bank

Mercy Eke ₦100 Million in Lambo, Oh Sorry, Limbo Amid The Heritage Bank Crisis: A Cautionary Tale of Why Keeping Large Sums of Money In The Bank Is Not A Wise Financial Decision.

Did you hear the news the news that broke on the 3rd of June or have you been too busy? The Central Bank of Nigeria on the 3rd of June issued a circular revoking the license of Heritage bank due to the bank’s poor financial performance and position. As am writing this, there is no more Heritage bank. It is now defunct. Whatever is left of the bank has been taken over by the Nigeria Deposit...

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