February 24, 2024

Heritage Bank Plc, one of Nigeria’s fastest growing commercial bank has debunked rumours making the rounds of alleged boardroom crisis rocking the bank as well as alleged mass sack by the Managing Director, Mr Akinola George-Taylor in a bid to oust the owners.

According to a press statement made available to Lovetvnews Nigeria, the rumours are the figments of the imaginations of elements bent in tarnishing the image of the Managing Director, Mr Akinola George-Taylor and bring disrepute to the bank.

The statement described the allegations as spurious, wrong and defamatory.

It further says “these articles have used unrelated facts and conjecture to create a fictitious narrative”, the statement says.

Read full statement:

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.

SIGNED: EXECUTIVE MANAGEMENT

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