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Heritage Bank, a leading financial services provider in Nigeria, Wednesday, dismissed a media report alleging that the Bank had suspended a top member of its Board of Directors over issues bordering on loan recovery, describing the report as “appalling, malicious, unprofessional and unethical.”
Re-affirming its total commitment to strict adherence to regulations and to its service contract with all its stakeholders, the bank said no member of its Board or management is involved in any fraud as being alleged in the report.
In a statement issued Wednesday evening, Heritage Bank said: “Our attention has yet again been drawn to an online news story on SaharaReporters.com titled, “Heritage Bank sends Ali Baba’s Wife on Loan –Recovery Suspension”. The Management, categorically refutes these claims and hereby states clearly that Mrs. Mary Akpobome remains a valued Executive Director of the Bank.
“We strongly disclaim all allegations made on the news blog that Mrs. Akpobome or any other member of our Board and Management have in any way engaged in any fraud whatsoever. Financial institutions have credit policies governing its processes and management. These policies are designed and enforced to ensure efficiency and effectiveness in the entire credit chain.
“Heritage Bank has never been controlled by any one individual or “powerful” individual(s) as deceitfully stated by Sahara Reporters. Heritage bank is a legal entity, and like any other public liability company, is managed by an efficient Management and Board accountable to all its stakeholders.
“We find the insistent and vehement attacks particularly by Sahara Reporters appalling, malicious, unprofessional and unethical. Consistent with our core values, we are resolutely committed to strict adherence to regulations and to our service contract with all our stakeholders.”
