CBN wields the big stick; revokes Heritage Bank’s operating license

The Central Bank of Nigeria (CBN) on Monday revoked the license of Heritage Bank Plc with immediate effect. This decision, the bank said, was to maintain a stable and healthy financial system as authorised under Section 12 of the Banks and Other Financial Institutions Act (BOFIA) 2020. A statement from the CBN by Mrs. Hakama [...]The post CBN wields the big stick; revokes Heritage Bank’s operating license first appeared on Business Hallmark.

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