CHRISTIANS ENJOINED TO SEEK GOD'S FACE DESIST FROM NEGOTIATING ONE'S DESTINY WITH THE DEVIL. (PHOTO). #PRESS RELEASE

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 Christians enjoined to seek God's face desist from negotiating one's destiny with the devil By Ezumezu Nonyelum  Christians enjoined to seek God's face desist from negotiating one's destiny with the devil. Converts encouraged to refrain from secret sin that deprives them from mercy of God. The Officiating Priest of St. Michael Parish Awkuzu, Rev. Fr. Michael Okoye stated this in a homily during a 6.00am mass on November 15. Fr. Michael Okoye hinted that some Catholic faithfuls have deny their destiny for worldly pleasures, sins, money to satisfy their flesh. He reflects on Mathew's Gospel that"  fear is debilitating indeed". The other servants who were not governed by fear took risk and made wonderful returns", he said. Fr. Okoye emphasized in the parable of 5 talents, 2 talents and 1 talent that Christians should not seen others most favoured than others. He added that some human being regard themselves as less endowed for achieving the purpose for ...

CBN REVOKES LICENCE OF HERITAGE BANK. (PHOTO).


 CBN revokes licence of Heritage Bank


The Central Bank of Nigeria, CBN, has revoked the operating licence of Heritage Bank.


The Acting Director, Corporate Communications, CBN, Hakama Sidi Ali, disclosed this in a statement.

She said: “The Central Bank of Nigeria, CBN, in accordance with its mandate to promote a sound financial system in Nigeria and in exercise of its powers under Section 12 of the Banks and Other Financial Act (BOFIA) 2020, hereby revokes the licence of Heritage Bank Plc with immediate effect.


‘This action has become necessary due to the bank’s breach of Section 12 (1) of BOFIA, 2020.


“The Board and Management of the bank have not been able to improve the bank’s financial performance, a situation which constitutes a threat to financial stability.


“This follows a period during which the CBN engaged with the bank and prescribed various supervisory steps intended to stem the decline.


“Regrettably, the bank has continued to suffer and has no reasonable prospects of recovery, thereby making the revocation of the license the next necessary step.


“Consequently, the CBN has taken this action to strengthen public confidence in the banking system and ensure that the soundness of our financial system is not impaired.


“The Nigeria Deposit Insurance Corporation (NDIC) is hereby appointed as the Liquidator of the bank in accordance with Section 12 (2) of BOFIA, 2020.


“We wish to assure the public that the Nigerian financial system remains on a solid footing. The action we are taking today reflects our continued commitment to take all necessary steps to ensure the safety and soundness of our financial system.”

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