Heritage Bank, one of Nigeria’s leading financial institutions, has refuted allegations of diversion of funds by any of its staff.
In a statement issued on Friday by the Executive Management of the bank, it maintained that allegations published by certain media platforms were “wrong and defamatory”.
“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,” the statement read.
The statement added that the bank recently “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”.
It added that, “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”.
The bank, however, urged its customers and the general public that it remains focused and committed to collectively drive growth and deliver exceptional service.
