Heritage Bank Plc is currently stuck in a
debilitating liquidity situation;
SaharaReporters has learned. Our sources
disclosed on Monday that the bank is
unable to meet customers’ immediate
withdrawal requests and has wiped out all
foreign currency domiciliary accounts
through physical theft of cash by the
bank's directors. First Bank Plc, which
handles Heritage Bank's universal clearing
activities, has threatened to blacklist the
bank and stop further clearing
transactions if its outstanding deficit of
over N5billion is not cleared.
Sahara reporter.
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