News
HoR Assures Public on Heritage Bank License Revocation
The House of Representatives is aware of the recent revocation of the license of Heritage Bank (under liquidation) by the Central Bank of Nigeria (CBN) and the appointment of the Nigeria Deposit Insurance Corporation (NDIC) as the liquidators, in accordance with the provisions of the Banks and Other Financial Institutions Act (BOFIA).
We assure the public, particularly depositors and stakeholders of Heritage Bank, that the House is committed to carrying out its constitutional oversight functions to ensure that this development does not negatively impact Nigerians. The relevant House Committees on Banking Regulations; and Insurance will be up to their duty, thoroughly examining the circumstances surrounding this decision and the subsequent steps taken by the NDIC.
Our priority is to safeguard the interests of all depositors and maintain the stability of the financial system. We will engage with the CBN, NDIC, and other relevant stakeholders to ensure a transparent and orderly resolution process, providing necessary support to mitigate any potential negative impact on the public.
Furthermore, we urge the CBN and NDIC to establish clear channels of communication to allay the fears of the public and prevent any loss of trust in our financial system. Effective public engagement is crucial to maintaining confidence during this period.
Chairman of the House Committee on Banking Regulations, *Rep. Mohammed Bello El-Rufai*, stated, “The Committee on Banking Regulations will closely monitor the liquidation process to ensure that the rights of depositors are protected and that the process adheres to the highest standards of transparency and accountability.”
Similarly, the Chairman of the House Committee on Insurance and Actuarial Matters, *Rep. Ahmed Usman Jaha*, emphasised, “We will work diligently to oversee that the NDIC executes its mandate effectively, ensuring the protection of depositors’ funds and maintaining confidence in the financial sector. The NDIC Act and the Banks and Other Financial Institutions Act (BOFIA) are clear in their provisions that depositors’ funds are insured and protected.”
We urge all depositors and stakeholders to remain calm and be assured of our dedication to protecting their interests.
Senator Natasha Akpoti-Uduaghan’s family residence in Kogi was reportedy invaded by gunmen around 1 a.m. on Tuesday, April 16, leaving damaged windows but no injuries.
The incident happened at her hometown residence in Obeiba-Ihima, located in Okehi Local Government Area of Kogi State.
Sources familiar with the event said the attackers arrived around 1:00 a.m. Armed with cutlasses and guns, they damaged parts of the building, smashing windows and causing panic in the area. At least three men were involved in the attack.
Senator Natasha’s Chief Security Officer, Yakubu Ovanja, quickly informed the appropriate security agencies.
In response, officers from the Okehi Police Division rushed to the scene.
Although nobody was hurt and no suspects have been arrested yet, security officials recorded the extent of the damage and launched a preliminary investigation.
The reason behind the attack is still unknown, and as of now, Senator Akpoti-Uduaghan has not released any official statement. She represents Kogi Central in the Senate and is known as a vocal figure in Nigerian politics.
According to Zagazola Makama, police are still trying to figure out what motivated the attackers and are working to find those responsible.
The communities came under simultaneous attacks just a day after the killing of 11 persons at Otobi Community also in Otukpo LGA.
Benue has in the past decade experienced incessant attacks.
Suspected herdsmen have again stepped up violent attacks as no fewer than three communities in the Otukpo Local Government Area (LGA) of Benue State were attacked on Wednesday.
The communities affected during the fresh attacks include Emichi, Odudaje, and Okpamaju all in Otukpo where five persons were killed in February. The communities came under simultaneous attacks just a day after the killing of 11 persons at Otobi Community also in Otukpo LGA.
Local sources confirm that several people may have been feared dead again in the fresh attack.
Wednesday’s attack came hours after Governor Hyacinth Alia confirmed the arrest of three suspected herders in connection with the invasion of Otobi village on Tuesday night.
When contacted, Otukpo LGA Chairman, Maxwell Ogiri, confirmed the attack on the three communities, saying that the attackers stormed the communities at the time when the Commissioner of Police was still at the Ochidoma Palace over the previous day’s attack on Otobi.
He added that three people sustained injury in the attacks on the three communities, leading to women and children abandoning the communities for fear of being killed.
“Only young men were in the communities when the attackers arrived. The prompt response from combined security operatives made the attackers flee and none of them were arrested,” Ogiri stated.
The police spokesperson in the state, Sewuese Anene, was yet to confirm details of the attacks on the three communities.
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