₦airaland Forum

The latest CBN's revocation order on Heritage Bank's operating license and subsequent appointment of NDIC as liquidator of its assets though affirmed by the regulators as necessary at this point to enhance financial stability, has a far-reaching impact on the bank's depositors.

Given the harsh economic realities in the country now, I will urge the federal government via NDIC to ensure immediate payment of all depositors in Heritage Bank in full to help alleviate the prevailing hardship the people are going through in the country.

Many individual savers and SMEs are already groaning under severe negative effects of the economy and already living in abject poverty. These depositors depend on the savings they have in the now-liquidated bank to survive.

Any attempt to deny or delay payment to these depositors would worsen their economic woes and could lead to a crisis of confidence in the banking system.

Anything short of immediate and full payment can create panic in the banking sector which our already fragile economy cannot afford.

On no account should the actions of government through the CBN destabilize the financial system or shake public confidence in the integrity of the system. -PO

DeLaRue:
What is the point of issuing irrelevant and meaningless statement.

DeLaRue:
What is the point of issuing irrelevant and meaningless statement.

According to the CBN, the bank’s management has been unable to stem the decline despite various supervisory steps taken by the regulator. With no reasonable prospects of recovery, the CBN has taken this action to protect the financial system and maintain public confidence.

“The Nigerian financial system remains on a solid footing.

“We are committed to ensuring the safety and soundness of our financial system, and this action reflects that commitment,” the statement added.

DeLaRue:
What is the point of issuing irrelevant and meaningless statement.

NwaNimo1:
Too late.....they will now be bank runs; people withdrawing cash in droves

https://storage.ko-fi.com/cdn/useruploads/display/b3ddaa36-20a9-4928-b976-b9842214fef9_17.gif

Lizzysamuel:
People are already complaining.

Enemy of NIGERIANs when will you care about your countrymen

FreeStuffsNG:
O su mi o. Bank has over half a trillion naira non performing loans yet he didn't mention putting those behind the huge npl behind the bars.

helinues:


The nuclear reactor should STFU

Always seeking cheap attention

yyba:
Mr reactor you must react to IPOB warning my father is a stupid man

JagabanB:
If obi cared about country men, he won't hike tuition fees, students protest and he will reply with "education is not for the póór".

Lizzysamuel:
Oh.

He's now a nuclear reactor.

When he keeps quite now, you will start crying kpa kpa kpa again.

Helinues, like saintganduje will always say.

Get a job.

Hyperchi:
Ppl will not think be4 attack, the bank is closed and CBN is telling ppl to go fill form, meanwhile u will not get more than 5m even when u get 100m.
Baterian no go shame us

Lizzysamuel:
Evidence that he hiked tuition fee.

If you run, your shame.

JagabanB:
If you have no idea that he hiked tuition fees, that there was a vioIent protest by students of them ANSU, u shouldn't be commenting on public forums and national matter.

Lizzysamuel:
I asked for evidence and you're dropping saliva here like imbe😂

My goodness

JagabanB:
You should have asked me for evidence of PitObi was ever a governor.
If u are an imbeciIe that drops saIiva, we don't do that here.

DeLaRue:
What is the point of issuing irrelevant and meaningless statement.

Lizzysamuel:
Get a job.

At your age, you're still an internet nwa boi

DeLaRue:
What is the point of issuing irrelevant and meaningless statement.

helinues:
Get a meaningful life devoid of attacking others unnecessarily