Collapsing Heritage bank is an attack on Northerners – Group

General News of Wednesday, 9 January 2019

Source: Starrfmonline.com

2019-01-09

Heritage Bank GhanaFile photo: A picture of the Heritage Bank building

A group of concerned youth in the Northern region has risen to the defense of the majority shareholder of the now defunct, Heritage Bank.

According to the group, circumstances surrounding the revocation of the bank’s license amounts to a deliberate ploy by the Central Bank governor and the government to victimise the majority shareholder of the bank Seidu Agongo.

“The arbitrary GHc400million minimum capital requirement was not a challenge to Heritage Bank which at the time of the sinister assault on it had GHc120.6million in its accounts. To avoid suspicion of the planned evil against the Bank, Dr. Ernest Addison made himself a law and declared that the majority shareholder Mr. Seidu Agongo’s involvement in a ‘criminal

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