Heritage Bank Reiterates Vow to Return Trapped Deposits in Societe Generale

Heritage Bank has announced again that it will refund 100% of customers’ deposits trapped in the defunct Societie Generale Bank of Nigeria, SGBN, if proof of such is provided. The Managing Director of the Bank, Ifie Sekibo made this known when he visited the Goveronor of Lagos State, Babatunde Fashola, at his office in Alausa, Ikeja. He said, “We have an arrangement with Central Bank of Nigeria that all those who are able to prove that their money is tied in that bank will be paid 100 percent with interest for 10 years,” he stated. He also spoke about contributions of his organization to the society, saying, “The bank has perfected plans to adopt a school in Lagos as part of its corporate social responsibility where it would be able to upgrade facilities in the school as well as partner with the government in the fight against crime by donating to the Security Trust Fund.” Mr. Sekibo disclosed in the first quarter of 2013 during the opening ceremony of Heritage Bank that the initial deposit for the defunct SGBN (now Heritage Bank) is N21 billion. He said at the time that validation of customer’s account was ongoing.

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This article was first published on 10th September 2013

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