EFCC, Court Order Heritage Bank To Freeze Geonel Integrated Services Accounts …as bank debunk’s insolvency claim

FRIDAY EKEOBA

Heritage Bank Plc has said that its attention has been drawn to a report making the round that it should short-down operations owning to inability to meet its financial obligation to customers.

The bank said that the allegation is not true as the Geonel Integrated Services Limited’s account, the company that made the alleged false claims, is currently being investigated for financial crimes by the Economic and Financial Crime Commission (EFCC).

“We want to state categorically that Heritage Bank is not distressed as being malevolently reported, the bank is capable to honour its obligations to customers and numerous stakeholders alike”.

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According to a terse statement from the bank, “Our attention has been drawn to a malicious and untrue report trending online, titled, “Heritage Bank Should be Shut Down- Company Tells Court, CBN” and about the bank’s financial and liquidity condition that questioned the ability of the bank to honour its obligatory engagements with a customer, Geonel Integrated Services Limited.

However, the bank said that it was advised formally to freeze the company’s account by the federal agency through court injunction pending when the investigation will be concluded.

“The investigation is still on going and the bank is under obligation to respect a valid order of court”, it added.

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