Mandy Park Citing what it described as failure to improve financial performance, the nation’s Apex bank, Central Bank of Nigeria (CBN) has revoked Heritage Bank’s licence. Hakama Sidi Ali, CBN acting Director, Corporate Communications, made the disclosure at a press release issued this morning, Monday, stating that the revocation of Heritage Bank’s license was in accordance with its mandate to promote a sound financial system in Nigeria and its powers under Section 12 of the Banks and Other Financial Act (BOFIA) 2020. The bankers bank further stated that the revocation…
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