Former presidential candidate, Peter Obi, has called on the federal government, through the Nigeria Deposit Insurance Corporation (NDIC), to ensure that all depositors of Heritage Bank receive their funds in full and immediately. This follows the recent revocation of the bank’s operating license by the Central Bank of Nigeria (CBN) and the appointment of NDIC as liquidator of its assets.
Obi expressed concern that delaying or denying payment to depositors would exacerbate the economic hardship faced by many individuals and SMEs who rely on their savings to survive. He warned that any attempt to withhold payment could lead to a crisis of confidence in the banking system, destabilize the financial sector, and worsen the economic woes of Nigerians.
Obi emphasized that the government must prioritize the protection of depositors’ funds and maintain public trust in the banking system, especially in these challenging economic times. He urged the NDIC to act promptly and ensure that depositors receive their funds in full to alleviate their suffering and prevent further economic hardship.…Continue The Full Reading.>’.
