EFCC To Prosecute Defunct Heritage Bank directors, managers

The Nigeria Deposit and Insurance Corporation (NDIC) has called on the Nigeria Police, the Economic and Financial Crimes Commission (EFCC) and other security agencies in the country to be ready to prosecute directors and managers of the recently liquidated Heritage Bank.

The managing director and chief executive officer of the NDIC, Mr Bello Hassan, stated this on Thursday in Lagos at the 2024 capacity building workshop for law enforcement agencies.

The theme of the workshop is: “Inter-agency collaboration in the fight against financial malpractice in banks and other financial institutions in Nigeria”.

He said things that were done by the managers and directors of the failed bank that led to its liquidation must be investigated to be able to curb such occurrences in the future.

He said, “As you are all aware, the Central Bank of Nigeria recently revoked the banking licence of Heritage Bank PLC which may require you to be called upon to investigate some of the Directors, Managers and officers of this failed insured Institution to bring to book those found culpable in the collapse of this institution.

“Let me say at this juncture that we are not unaware of the challenges of investigating and prosecuting financial malpractices and bank fraud cases but wish to urge you not to relent in your efforts and be rest assured of our unflinching support at all times”.