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5 days ago · In October 2014, Heritage Banking Company met the requirements of Asset Management Corporation of Nigeria (AMCON) and the CBN for 100 percent shares in Enterprise Bank Ltd.
16 hours ago · The bank was formerly owned by Sigma Golf River Bank Consortium after being acquired from the Asset Management Corporation of Nigeria (AMCON) in March 2017. The bank’s problems relate to many quantitative and qualitative challenges as the management and board have been unmindful of escalating expenses.
Jun 3, 2024 · Following the revocation of the banking license of Heritage Bank Plc by the Central Bank of Nigeria (CBN) today, June 3, 2024 and the appointment of the Nigeria Deposit Insurance Corporation (NDIC) as the Liquidator, pursuant to Section 12(2) of BOFIA, 2020, the Corporation wishes to announce to depositors of the bank in particular and the banking public in general, as follows:
2 days ago · As of December 2015, the total asset valuation of the bank was estimated at US$1.7+ billion (N483.4 billion). Its shareholders’ equity was worth at least US$88 million (N25 billion). In October 2014, Heritage Banking Company Ltd. successfully met the requirements of the Asset Management Corporation of Nigeria (AMCON) and the CBN toward owning 100 per cent shares in Enterprise Bank Ltd.
2 days ago · The corporation asked debtors to contact its asset management department or visit its website for more information. The NDIC assured the Nigerian banking public of its commitment to the continued safety of depositors’ funds in all licensed banks. Heritage Bank shareholders demand an investigation
5 days ago · The Nigeria Deposit Insurance Corporation (NDIC) has announced that depositors of the now-liquidated Heritage Bank will start receiving their insured deposits starting this week. The NDIC Managing Director, Mr. Bello Hassan revealed this during a press conference in Abuja on Wednesday, June 5, 2024.
5 days ago · Citing why the Asset Management Corporation of Nigeria (AMCON) was established, Moghalu said the purpose of the agency was to ensure systemic financial stability.
