UPDATE: ‘No Funds Were Diverted By Any Member Of Staff’, Heritage Bank Reacts

Heritage Bank
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Heritage Bank led by Akinola George-Taylor has debunked allegations of diversion of funds by members of staff.

In a statement made available to BrandSpur Nigeria signed by Ozena​ Utulu Ag. Head, Corporate Communications, the financial institution said, ” It has come to our attention that articles have been published by certain media platforms, making allegations of diversion of funds. No funds were diverted by any member of staff.

“These allegations are wrong and defamatory. These articles have used unrelated facts and conjecture to create a fictitious narrative.

“Recently, Heritage Bank began implementation of its long-term sustainability plans premised on restructuring the bank, ensuring cost efficiency, management of its assets and resources towards restoring the financial institution.

“The reduction in the workforce, who were duly compensated in line with the bank’s policy, was necessary to improve our pace on the path of growth, in line with our turnaround targets, to be able to continue providing outstanding financial services to our customers.

“We remain focused and committed to collectively drive growth and deliver exceptional service to all. We will continue to work together to build a long-term sustainable future for our customers, employees and all our stakeholders”.