The management of Heritage Bank has dismissed speculations about the financial condition of the bank, as it urged depositors not to entertain any fear, saying the bank is not distressed.

In a statement issued today and made available to The DailyBells Nigeria, the bank said, “Our attention has been drawn to a malicious and untrue report trending online, titled, “Heritage Bank Should be Shut Down- Company Tells Court, CBN” and about the bank’s financial and liquidity condition that questioned the ability of the bank to honour its obligatory engagements with a customer, Geonel Integrated Services Limited.

According to the bank, the bank has refused to honour its obligatory engagements with the said firm because its accounts have been frozen based on a court injunction obtained by the Economic and Financial Crime Commission (EFCC).

The bank said EFCC is currently still investigating Geonel Integrated Services’ account for financial crimes and thus it was formally advised to freeze the account by the federal agency through court injunction pending when the investigation will be concluded

“We want to categorically state that the allegation is not true as the Geonel Integrated Services Limited’s account is currently being investigated for financial crimes by the heritage bank not in distress.



“The investigation is still ongoing and the bank is under obligation to respect a valid order of court.


http://dailybells.com.ng/2017/03/heritage-bank-not-in-distress-as-mgt-explains-why-geonels-accounts-cant-be-honoured/