Labour demands probe into causes of Heritage Bank’s collapse

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Organised Labour has demanded thorough investigation into the transactions and activities that caused the collapse of Heritage Bank PLC.

Under the aegis of the Association of Senior Staff of Banks Insurance and Financial Institutions, ASSBIFI, Labour also called on the regulatory agencies to invoke appropriate actions to recover debts while applying sanctions and penalties against any Institutions or persons found guilty.

In a statement by its President, Olusoji Oluwole, ASSBIFI blamed the Central Bank of Nigeria, CBN, and other regulatory agencies for the failure and liquidation of the Heritage Bank PLC, and called for clear and practical steps to settle workers’ entitlements.

According to the statement “The recent CBN order revoking the Operational License and Liquidation of Heritage Bank PLC did not come to the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) as a surprise.

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