Heritage Bank led by Akinola George-Taylor has debunked allegations of diversion of funds by members of staff..

In a statement made available to journalists signed by Ozena Utulu Ag. Head, Corporate Communications, the financial institution said, ” 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.

The bank stated that no funds were diverted by any member of staff. They labeled these allegations as wrong and defamatory, stating that unrelated facts and conjecture were used to create a fictitious narrative.

According to the statement, “Recently, Heritage Bank 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.”

“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’s decision to reduce the workforce was necessary to improve the pace of growth and achieve its turnaround targets. They aim to continue providing outstanding financial services to their customers.

The statement reiterated the bank’s focus, commitment, and collective effort to drive growth and deliver exceptional service to all stakeholders, including customers, employees, and other parties involved..

Read the statement below