Millions of depositors with over N680 billion trapped funds in Heritage Bank have appealed to President Tinubu to intervene in their suffering, anguish, and resulting penury following the bank’s closure.
The depositors bemoaned the Central Bank of Nigeria’s (CBN) role in the bank’s collapse and the impairment of their deposits. They questioned the regulatory authorities’ application of discriminatory, archaic, and unprofessional rules and templates in the bank’s failure resolution process.
The depositors expressed shock at the choice of liquidation by the regulatory authorities, decrying the NDIC’s subterfuge and deceptive propaganda on payouts on insured deposits. They narrated how the apex bank’s negligence, corruption, and inefficiency led to their present woes.
*DEPOSITORS’ PLEA*
“We appeal to President Tinubu to intervene and rescue us from this avoidable financial distress,” said a spokesperson for the depositors. “Our hard-earned money is trapped, and we are suffering. We urge the President to look into the matter and ensure that justice is served.”
*REGULATORS’ RESPONSE*
The CBN and NDIC have yet to respond to the depositors’ allegations and pleas. However, sources close to the regulatory authorities say that they are working to resolve the issue and ensure that depositors’ interests are protected.
*STAY TUNED FOR UPDATES*
This is a developing story, and we will provide updates as more information becomes available.
