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Mercy Eke at risk of losing N100m as CBN Revoked Heritage Bank licence

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Reality star Mercy Eke has voiced her distress over the closure of Heritage Bank, revealing she has over N100 million in her account.

The recent revocation of Heritage Bank‘s operating license by the Central Bank of Nigeria (CBN) has sent shockwaves through the banking sector. Among those affected is reality TV star Mercy Eke, who has publicly lamented having over N100 million in the beleaguered bank. This situation not only highlights the personal financial risks for Eke but also underscores the broader implications for all Heritage Bank customers..

Mercy Eke, winner of the fourth edition of Big Brother Naija, took to social media to express her distress over the situation. She explained that she opened an account with Heritage Bank because the institution sponsored the reality show. Eke feels betrayed by her account manager, whom she claims encouraged her to fix her money in the bank despite knowing its financial instability.

“I really don’t know how to react about this … I have been hoping for the best .. thinking there’s a way out…. #HeritageBank,” Eke wrote on her social media handle.

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In response to fans’ inquiries, Eke revealed that she had over N100 million in her account and regretted funding it, given the bank’s issues.

Heritage Bank customers are now facing significant uncertainty. The Nigerian Deposit Insurance Commission (NDIC) has begun the liquidation process, prioritizing refunds for those with deposits of N5 million and below. This raises concerns for individuals and businesses with larger sums deposited, like Mercy Eke.

Mercy Eke’s plight is a cautionary tale for many Nigerians. As the NDIC works through the liquidation process, customers of Heritage Bank will be watching closely, hoping for a resolution that safeguards their hard-earned money. For now, Eke and others like her can only wait and hope for a favorable outcome.

Taking to her X handle, Eke expressed her frustration and uncertainty about recovering her funds. She admitted feeling regretful for trusting the bank and her account manager, who she claims misled her into fixing her money.

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In an effort to recover her money, Eke has submitted a notice to the Nigerian Deposit Insurance Commission (NDIC). The NDIC has started the liquidation process for Heritage Bank, beginning with verification and payment of depositors with balances of N5 million and below. This process, however, leaves high-value depositors like Eke uncertain about the timeline for their refunds.

For those affected, here are some steps to consider:

Contact NDIC: Submit a notice to the Nigerian Deposit Insurance Commission to begin the claims process.
Seek Legal Advice: Consult with legal experts to understand your rights and explore potential actions.
Monitor Updates: Stay informed through official channels for the latest updates on the liquidation process and any new policies.

The Heritage Bank crisis, highlighted by Mercy Eke’s significant financial loss, serves as a stark reminder of the vulnerabilities within the banking system. Customers must remain vigilant, informed, and proactive in safeguarding their financial interests.

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Have you been affected by the Heritage Bank crisis? Share your experiences and tips for navigating this financial uncertainty in the comments below.

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Why Portable was sentenced to three months in prison

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A Magistrate Court sitting in Ifo Local Government Area of Ogun State, on Tuesday, sentenced controversial hip-hop artiste Habeeb Okikiola, popularly known as Portable, to three months’ imprisonment for assault, with an option of a N30,000 fine.

It will be recalled that Portable was earlier arraigned before the Magistrate Court in April 2023 on a three-count charge bordering on assault and theft of a musical instrument, under charge sheet No. MIF/192C/2023.

The singer was initially granted bail in the sum of N300,000 with two sureties from his immediate family.

However, he was said to have been brought before the court last Thursday after failing to appear for some time. He was subsequently remanded in the state Correctional Service and brought back to court on Tuesday, when judgment was delivered.

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The Police Prosecutor, Inspector Olumide Awoleke, had earlier informed the court that Okikiola committed the offence on 18 November 2022 at about 11:00 hrs in Okeosa, Ilogbo, within the Ifo Magisterial District.

The charge sheet read: “That you, Badmus Habeeb Okikiola a.k.a. Portable, and others now at large, on the 18th day of November 2022 at 11:00 hrs in Okeosa, Ilogbo, within the Ifo Magisterial District, did conspire among yourselves to commit a felony to wit: assault, and thereby committed an offence contrary to and punishable under Section 517 of the Criminal Code Laws of Ogun State, 2006.

“That you, Habeeb Okikiola Olalomi, on the same date, time, and place in the aforementioned district, did unlawfully assault one Osimosu Emmanuel Oluwafemi (m), by beating him all over his body, and thereby committed an offence contrary to and punishable under Section 351 of the Criminal Code Laws of Ogun State of Nigeria, 2006.

“That you, Badmus Habeeb Okikiola a.k.a. Portable, sometime in the year 2022, at Okeosa, Ilogbo, in the Ifo Magisterial District, did steal some musical gadgets including a Yamaha H55 studio monitor, complete studio 2 interface connection cable, and an AKG P420 condenser microphone, and thereby committed an offence contrary to Sections 383 and 384, and punishable under Section 390 of the Criminal Code Laws of Ogun State, Nigeria, 2006.”

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In his judgment, Chief Magistrate Babajide Ilo stated that the singer was found guilty on counts one and two.

The Chief Magistrate sentenced Portable to one month’s imprisonment with an option of a N10,000 fine on count one, and two months’ imprisonment with an option of a N20,000 fine on count two.

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Sunny Ade resurfaces declares ” I was never abducted

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Legendary Juju musician, King Sunny Ade, has dismissed widespread speculations about his safety and whereabouts, declaring on Tuesday that he was neither missing nor kidnapped.

The music icon made this known in a live video shared by one of his wives, Mrs. Bose Olubo-Adegeye, following a social media storm ignited by his daughter, Damilola Adeniyi-Adegeye.

Damilola had on Monday, raised the alarm over her father’s whereabouts, accusing her stepbrother, Dayo, whom she described as KSA’s manager, of allegedly holding the veteran singer hostage and mismanaging his affairs.

In a flurry of social media posts, Damilola called for Dayo’s arrest, claiming he had been “stealing” from the musician and preventing access to him.

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One of her posts read: “Dad told my brother that he wants to go home. Where is he? Where are his phones? He has not been online or picking up his calls. Where is he?”

Another stated: “I want Dayo (manager) apprehended. I want him to provide all the money they have been stealing from him. He has a UK visa, thinking he can run.”

However, speaking in the video on Tuesday, King Sunny Ade reassured fans that he was hale, hearty, and actively performing live music at events. He specifically mentioned performing at a show in Lekki, Lagos, over the weekend and noted that he was on his way to another performance.

“Nobody kidnapped me. I pray, as I don’t want anybody to kidnap me. I believe that the whole world is in love with me. This is me, King Sunny Ade. I have to thank God and you, my fans, for the concern. I have been doing my shows. I was at a show last Saturday at Lekki, Lagos. I am on my way to have a show, and I am coming back again to play in Lagos, as well. So, I have nothing to say other than to thank God and to thank you,” KSA said.

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The singer also appreciated Nigerians and fans worldwide for their concern, noting that the confusion might have stemmed from some of his children not seeing him recently.

“I know my children are in love with me, and they want to see me. I didn’t go anywhere. This is me. I thank the children, too, for their concern as well.

“By God’s grace, enjoyment continues. I am still in music. Music is my life; it is my business, and I will continue to do it. I thank the whole world for loving me as usual,” he added.

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You’re 7 years older than me – Angela Okorie’s boyfriend speaks after breakup

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By Francesca Hangeior

Angela Okorie’s ex-boyfriend, known as Oil Money, has responded after the actress called him out on social media for allegedly cheating on her with her Nollywood colleagues.

In a private chat with popular Nigerian critic, Radiogad, Oil Money revealed that Angela is 7 years older than him. He claimed he was only helping her out in the relationship, but she became ungrateful and started acting up.

“She always talks too much and brags. She’ll be 50 this year but acts like a 22-year-old. Even my 20-year-old baby mama is more mature than her,” he said.

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Oil Money also said his family never supported the relationship and accused Angela of bringing different men to the house, calling them “fans” or “workers.”

According to him, Angela begged to visit him in London just last week, but he refused.

“She has nothing to bring to the table. I keep blocking her and she keeps coming back,” he added.

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