Heritage Bank Depositors Demand Release of Trapped Funds

Aggrieved depositors of the defunct Heritage Bank Plc, represented by the Concerned Heritage Bank Depositors Forum, are calling for the immediate release of their funds, which have been trapped for over two years following the bank's closure. The Central Bank of Nigeria (CBN) revoked Heritage Bank’s banking license on June 3, 2024, due to its inability to improve its financial position.

The Nigeria Deposit Insurance Corporation (NDIC) was appointed as the liquidator to manage the bank's assets and facilitate the payment of depositors. However, many customers still cannot access their savings, leading to significant financial difficulties.

The depositors emphasize that the funds represent years of hard work and careful financial planning, affecting their ability to meet essential obligations such as school fees and medical expenses. They describe the situation as a matter of trust and economic justice, urging media and civil society support for their campaign to release the funds and warning that further delays will exacerbate their financial hardships.