In a statement issued by the bank today, the Bank maintained that none of its "Board and Management have in any way engaged in any fraud whatsoever".
Below is the full statement from the bank:
Our attention has yet again been drawn to an online news story on SaharaReporters.com titled, “Heritage Bank sends Ali Baba’s Wife on Loan –Recovery Suspension”.
The Management, categorically refutes these claims and hereby state clearly that Mrs Mary Akpobome remains a valued Executive Director of the Bank.
We strongly disclaim all allegations made on the news blog that Mrs Akpobome or any other member of our Board and Management have in any way engaged in any fraud whatsoever.
Financial institutions have credit policies governing its processes and management. These policies are designed and enforced to ensure efficiency and effectiveness in the entire credit chain.
Heritage Bank has never been controlled by any one individual or “powerful” individual(s) as deceitfully stated by Sahara Reporters. Heritage bank is a legal entity, and like any other public liability company, is managed by an efficient Management andBoard accountable to all its stakeholders.
We find the insistent and vehement attacks particularly by Sahara Reporters appalling, malicious, unprofessional and unethical.
Consistent with our core values, we are resolutely committed to strict adherence to regulations and to our service contract with all our stakeholders.