By Yusuf Olukokun
Peter Obi, 2023 Labour Party Presidential Candidate, has advised and honorably implored immediate payment to protect depositors of Heritage Bank after the revocation of license by Central Bank of Nigeria (CBN).
Obi made this statement on his X platfor, maintaining that the revocation was necessary for the affirmation of financial stability, but the impacts will be felt by the bank’s depositors.
Obi advised that all depositors should be paid, given the harsh economic realities Nigerians are facing.
The statement read in part, “Many individual savers and SMEs are already groaning under severe negative effects of the economy and already living in abject poverty. These depositors depend on the savings they have in the now-liquidated bank to survive.
“Any attempt to deny or delay payment to these depositors would worsen their economic woes and could lead to a crisis of confidence in the banking system.”
Saying further, the 2023 LP Presidential candidate said anything that is not immediate about the payment of depositors will create fear in the banking industry.
“On no account should the actions of government through the CBN destabilize the financial system or shake public confidence in the integrity of the system”, he concluded.