CBN says Heritage Bank not in distress

The attention of the Central Bank of Nigeria (CBN) has been drawn
to false and malicious stories on the social media insinuating that
Heritage Bank is under financial distress and therefore unable to
discharge its obligations to its depositors.
We wish to state that Heritage Bank is not in distress and as such
its depositors should go about their transactions without fear.
For the avoidance of doubt, we wish to further state that no
Nigerian Bank is in distress.
The CBN, as the industry regulator, has a duty to depositors, in
particular, and the economy, in general, to ensure the soundness of
all financial institutions.
We therefore wish to assure all depositors of the safety of their
The CBN also wishes to state that it will remain alive to its
responsibility of ensuring banking system stability and soundness
through constant monitoring and supervision of all licensed
The Central Bank of Nigeria wishes to reiterate that the banking
system remains resilient enough to weather the current economic

Related posts

Leave a Comment