- By Halimah Olamide
Anything short of immediate and full payment can create panic in the banking sector
Hours after the Central Bank of Nigeria revoked the license of Heritage Bank, the presidential candidate of the Labour Party Mr. Peter Obi, has kicked against the move.
Obi said it smacks of bad taste for the CBN to revoke the bank’s license at a time it has come up in financial stability.
In a statement Obi released via his X handle on Monday, said the hammer slammed on the bank gas far reaching implications.
Saying that on no account should the actions of the apex bank shake investors confidence, Obi said “Anything short of immediate and full payment can create panic in the banking sector which our already fragile economy cannot afford.”