Reps ask CBN to investigate management of failed Heritage Bank

The House of Representatives has asked the Central Bank of Nigeria (CBN) to investigate the leadership and management of the failed Heritage Bank “to identify possible mismanagement or wrongdoing that may have contributed to the bank’s failure.”

It also directed its Committee on Banking Regulations to probe the circumstances surrounding the failure of the bank.

The resolutions followed a motion of urgent public importance moved by Uchenna Okonkwo (LP, Anambra) on Tuesday during plenary.