By Dipo Olowookere

If a poll is conducted on which bank customers in Nigeria are in confused and panic mode at the moment, the result might show those with Heritage Bank in the lead.

News reports hitting the cyber space lately concerning the financial institution have not been very palatable to the ears. Even the deaf and the blind are getting worried too.

In the past months, Heritage Bank has had to run to the roof tops to allay the fears of its numerous customers that it is not in distress as being reported in some quarters.

Also, the Central Bank of Nigeria (CBN) has had to join in the ‘town crying’ that Heritage Bank is healthy and not heading to the rocks.

Some weeks ago, it was reported that Heritage Bank Plc was unable to meet customers’ immediate withdrawal requests and also wiped out all foreign currency domiciliary accounts.

It was further alleged in the report that senior management staff of the bank plunged it to crisis through embezzlement carried out by award of bogus contracts to relatives.

According to a latest report, it was alleged that Heritage Bank is presently like a ghost its management is desperately trying to give the appearance of a virile financial institution.

It was also alleged that Heritage Bank sold one of its properties on Femi Pearse Street, Victoria Island, Lagos, to attain a measure of liquidity and used the proceeds to pay the rent of the bank’s offices at Ajose Adeogun and Moshood Olugbani Streets, both on Victoria Island, Lagos.

Furthermore, the report further alleged that the bank’s management has been borrowing money to pay salaries since September 2016 and has also embarked on sacking its workers in batches so as to lessen its workforce due to its present state.

In all these, customers of the bank do not know what step to take at the moment; whether to quickly withdraw all their hard-earned money or leave it with the bank or if to believe assurances from the bank and the CBN or to reports warning them of imminent danger.

What has fuelled the dilemma more is the fact that in Nigeria, it is normal for management of banks to make things look very good until bubble bursts. Cases of banks looking very vibrant on the outside in the late 2000s, which were later sold, quickly come to mind.

It is now being feared if Heritage Bank customers won’t turn out to be like participants of MMM Nigeria, who were being assured of safety of their money by operators despite warnings from government agencies, but only to wake up this week to learn that they have been barred from withdrawing their money until 2017, dashing their hopes of a vibrant Christmas.

But in all, Heritage Bank has continued to assure its customers that it is still very healthy and that their money is in safe hands.

http://www.businesspost.ng/2016/12/15/heritage-bank-customers-panic-banks-true-state/

Sincerely I don't know the financial state of Heritage bank but I won't in my right senses have anything to do with a bank that has Saraki as one of the founders.

Saraki dealt a massive blow to the old Societe Generale bank depositors by swindiling their money to promote his political ambition. Even till now many people are suffering the effect of his action and he is galivanting and enjoying his loot.

MMM has opened the door



Which kind wahala be this

It is well

It is well

hmmmm

Abi Heritage too wan pull another MMM on their customers?

The fear of the Sarakis is the beginning of wisdom
Run from that bank

And pple are thr shouting MMM

HB freezing customers' account like mmm

It is well even in the well

What's happening to this country now!!! Recession things and now this?

wetin concern wit dat kind of bank

lols... MMM bank bawo... gbogbo ee ni MMM ni?

Candycrusher:



MMM BANK

Please tell me just single thing that is working so good in Nigeria #nothingworkshere

Dahkogrin007:
And pple are thr shouting MMM

Most Nigerians don't bank with Heritage Bank.

Nothing is wrong with th bank. The management and CBN have assured us that the bank is healthy. Why are people trying to bring others down. Do you know better than the CBN?

Hmmm

I hate it when unsubstantiated claims are spread to the detriment of an entity; especially institutions whose value are affected by the prevailing public sentiment.

When news agencies begin to spread rumors like market women is the dearth of investigative journalism.

[b]Make dem sha make sure say dem crash where we go see the Black Box cos we still dey search for Mavro Airline blackbox oo.[/b]

This bank is a very useless bank I swear. Used their ATM once and it was one of the biggest banking mistakes of my life! Till today, that ATM never give me my cash!

Negative reports kill banks. People should stop this!

9jakohai:


Most Nigerians don't bank with Heritage Bank.

says who? This is a young bank trying to find its feet. It came when recession is at the starting point.

you single handly liquidated intercontinental bank.now you want to liquidate heritage.haba daala

Tunchi101:
This bank is a very useless bank I swear. Used their ATM once and it was one of the biggest banking mistakes of my life! Till today, that ATM never give me my cash!

when you don't know how to use ATM, how will it pay you.

Na wa ooo

MMM Logo = Green and White
Heritage Bank Logo = Green and White
Nigerian Flag = Green and white

The three of them = Are in trouble.

MMM, now a point of reference

nerilove:
when you don't know how to use ATM, how will it pay you.

Do you work for them? Or are you a member of the Saraki family? Why are you desperately trying to defend them? This is your second post putting up a defence for them.

@op who in his right thinking sense banks with heritage bank?