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CBN revokes Heritage Bank license, allays fears

CBN revokes Heritage Bank license, allays fears

The Central Bank of Nigeria (CBN) has revoked Heritage Bank Plc license and appointed Nigeria Deposit Insurance Corporation (NDIC) to takeover its operation. The Nation(online) said apex Bank’s move is to ensure public confidence and integrity of the financial system through NDIC – Liquidator of Heritage Bank as stipulated in Section 12 (2) of BOFIA...