The minority shareholders have demanded an investigation into the board and management of the defunct Heritage Bank.
The call was placed during a chat session with The Punch after the Central Bank of Nigeria revoked the bank’s license.
Boniface Okezie, the National Coordinator of Progressive Shareholders Association, said probing the bank managers would boost confidence in the sector.
He said:
According to Okezie, the managers and directors would be held accountable in other climes.
Additionally, Moses Igbrude, the National Coordinator of the Independent Shareholders Association of Nigeria, declared that an investigation of the bank’s management was necessary. He believed that if people are let off the hook, the problem will recur, so it should not be ignored.
He added that the regulator’s conclusion was in accordance with its legal duty, but he was concerned about how long it took to make the judgment.
TimesNow.com.ng reported that the CBN has no plans to revoke the licenses of Unity, Polaris and Keystone banks.
Online reports, not by TimesNow.com.ng, claimed that the central bank would revoke the licenses of the three banks, similar to Heritage Bank.
In reaction, CBN posted on its social media pages on Tuesday, June 4, that the content first published by the Scrutiny was fake.
Source: TimesNow.com.ng
