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Heritage Bank, a leading financial services provider in Nigeria, Wednesday, dismissed a media report currently trending online purporting that a company, Geonel Integrated Services Limited, which is a customer of the bank , had asked a court and the Central Bank of Nigeria (CBN) to shut down its operations, describing the report as “malicious and untrue.”
Maintaining that it is capable to honour its obligations to its numerous customers and stakeholders, Heritage Bank, in a statement obtained by AUTO REPORT AFRICA, said it was acting on the instructions of a court of law and the Economic and Financial Crime Commission (EFCC) and was not in any way distressed as being alleged by the Company.
The Bank explained that the Company in question was having issues with EFCC, which advised it to freeze the Company’s account, through a court injunction, pending the conclusion of investigation into the Company’s activities.
The statement reads: “Our attention has been drawn to a malicious and untrue report trending online, titled, “Heritage Bank Should be Shut Down- Company Tells Court, CBN” and about the bank’s financial and liquidity condition that questioned the ability of the bank to honour its obligatory engagements with a customer, Geonel Integrated Services Limited.
“We want to categorically state that the allegation is not true as the Geonel Integrated Services Limited’s account is currently being investigated for financial crimes by the Economic and Financial Crime Commission (EFCC). However, the bank was advised formally to freeze the account by the federal agency through court injunction pending when the investigation will be concluded.
“The investigation is still ongoing and the bank is under obligation to respect a valid order of court. We want to state categorically that Heritage Bank is not distressed as being malevolently reported, the bank is capable to honour its obligations to customers and numerous stakeholders alike.”
