Huge Debt: Reps Threaten Heritage Bank
The House of Representatives has threatened to ask the Central Bank of Nigeria (CBN) to take over the ownership of Heritage Bank. Information Guide Nigeria
THE NATION reports that this is because Heritage Bank is owing the government more than its entire share capital put together.
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This threat was issued by the Chairman of the Adhoc Committee on Assessment and Status of All Recovered Loots, Moveable and immovable Assets from 2002 to 2020 by agencies of the Federal government for Effective and Efficient Management and Utilisation, Rep. Adejoro Adeogun.
Adeogun stressed that the bank will not be allowed to continue to play games with the National Assembly or feel too big to respond to invitations by the National Assembly.