- The Central Bank of Nigeria (CBN) has granted final approval for the merger of Heritage Bank and Enterprise Bank.
- Furthermore, the Federal High Court has sanctioned the scheme of merger and ordered the merger of both institutions.
“The Management of the Central Bank of Nigeria (CBN) has approved the grant of Final Merger Approval to Heritage Banking Company Limited and Enterprise Bank Limited and the licence of HERITAGE BANK LIMITED (the successor), the CBN said in a letter to Heritage Bank.
According to the Managing Director/Chief Executive, Heritage Bank, Mr. Ifie Sekibo, “We’re pleased with the final approval of the merger of the two institutions. The stage is now set for us to achieve the vision of a bigger and better Bank that offers world class banking services designed to help customers to create, preserve and transfer wealth”.
