NewStats: 3,265,244 , 8,186,117 topics. Date: Saturday, 14 June 2025 at 04:39 AM 533e17

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 should the actions of government through the CBN destabilize the financial system or shake public confidence in the integrity of the system. -PO

Nice

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

nlfpmod

What is the point of Mr Obi issuing irrelevant and meaningless statements.

Must you comment on everything and anything

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

People are already complaining.

Enemy of NIGERIANs when will you care about your countrymen

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

I don’t understand o,just making people more apprehensive.how does revocation of one bank’s license destabilize the economy,as if the license was revoked without a reason.
He just wants 3points at all cost

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.

When would the nuclear reactor rest bayi

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

O su mi o.

A failed Heritage bank has over half a trillion naira non performing loans (NPL), he conveniently ignored how such malfeasance in Heritage bank (where the Saraki dynasty reportedly have a controlling interest) had brought serious problem to the banking system yet he didn't mention putting those behind the huge NPL behind the bars.

May God bless Nigeria for ever! Check my signature for free stuffs!

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

Because banks haven't had their license withdrawn before abi?

Lizzysamuel:


People are already complaining.

Enemy of NIGERIANs when will you care about your countrymen

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".

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.

Na busy body dey make him to react to things he shouldn't have reacted to

helinues:




The nuclear reactor should STFU

Always seeking cheap attention

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.

Mr reactor you must react to IPOB warning oo stupid man

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".

Evidence that he hiked tuition fee.

If you run, your shame.

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.

Get a meaningful life devoid of attacking others unnecessarily

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

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

Don't mind them.

They so hate this country and want NIGERIANS to through hell all the time.

Lizzysamuel:


Evidence that he hiked tuition fee.

If you run, your shame.

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.

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.

Oga National matter, i asked for evidence and you're dropping saliva here like imbe😂

My goodness

Chemical reactor, bitter grieving obi has spoken again, the hypocritical defeated religious war daddy is always mourning and filled with anguish

Lizzysamuel:


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

My goodness

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.

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.

So all these jargons without evidence to buttress your lie?

Do better please.

If you run, nnegi. That's the bounty 😂

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

You dey mind that Mumu PO? Mr over sabi.

Lizzysamuel:


Get a job.

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

You need a man in your life.

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

the statement isn't for dullards to understand

helinues:


Get a meaningful life devoid of attacking others unnecessarily

Sharap and get a job. Stop threatening nairaland for advising you well. Help yourself and be useful in life.