HERITAGE BANK DENIES RUMORS OF A BOARDROOM CRISIS.

Heritage Bank Plc, one of Nigeria’s fastest-growing commercial banks, has denied rumors of a boardroom conflict and a mass dismissal of the managing director, Mr Akinola George-Taylor.

According to a press release made available to journalists, the rumors are the work of elements intent on ruining the managing director’s reputation and bringing the bank into shame.

The charges were defined as false, incorrect, and defamatory in the statement, which also stated that “these articles have used unrelated facts and conjecture to create a fictitious narrative.”

“It has come to our attention that articles have been published by specific media platforms making allegations of fund misappropriation,” it stated. Nobody on the staff diverted any money.

“These claims are inaccurate and slanderous. These articles have made up a story out of unrelated information and speculation.

Heritage Bank recently started putting its long-term sustainability plans into action. These plans are predicated on restructuring the bank, ensuring cost efficiency, managing its assets, and using resources to help the financial institution recover.

“The employee reduction, which was properly rewarded in accordance with bank policy, was required to increase our growth rate in order to meet our turnaround targets and continue offering our clients top-notch financial services.

“We are still committed to providing outstanding service to everyone while staying focused and growing as a team. In order to create a long-term sustainable future for our clients, staff members, and all of our stakeholders, we will continue to collaborate.