MAN FOUND UNCONSCIOUS AFTER ALLEGEDLY THROWING CHILDREN FROM STOREY BUILDING IN ABA. (PHOTO).

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  DEVELOPING STORY: Man Found Unconscious After Allegedly Throwing Children From Storey Building in Aba A man was reportedly found unconscious but still breathing after allegedly falling from a storey building at New Phase of Umuobe by Barracks, Opobo Road, Obignwa, Abia State. The incident, which occurred on Thursday, has caused panic among residents of the area. Eyewitnesses told Magic FM Aba that the man allegedly threw two of his children from the building before attempting to throw down his wife. However, the circumstances surrounding the incident remain unclear. The two children were reportedly rushed to a hospital for medical attention. As of the time of filing this report, Magic FM Aba could not independently confirm their condition or whether they survived the fall. The man, who sustained an injury to the head, was still lying in front of his house and had yet to receive assistance as of the time of this report. Witnesses said he was unconscious but still breathing. Reside...
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HOUSE OF REP ASSURES PUBLIC ON HERITAGE BANK LICENSE REVOCATION+ SAYS EXTANT LEGISLATION ENSURES SAFETY OF DEPOSITOR'S FUNDS.(PHOTO). #PRESS RELEASE.

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 House of Representatives, National Assembly


Press Release

For Immediate Release


Abuja, Nigeria | June 3, 2024


House of Representatives Assures Public on Heritage Bank License Revocation


- Says extant legislation ensures safety of depositors' funds

- Urges CBN/NDIC to set up channels for public engagement


The House of Representatives is aware of the recent revocation of the license of Heritage Bank (under liquidation) by the Central Bank of Nigeria (CBN) and the appointment of the Nigeria Deposit Insurance Corporation (NDIC) as the liquidators, in accordance with the provisions of the Banks and Other Financial Institutions Act (BOFIA).


We assure the public, particularly depositors and stakeholders of Heritage Bank, that the House is committed to carrying out its constitutional oversight functions to ensure that this development does not negatively impact Nigerians. The relevant House Committees on Banking Regulations; and Insurance will be up to their duty, thoroughly examining the circumstances surrounding this decision and the subsequent steps taken by the NDIC.


Our priority is to safeguard the interests of all depositors and maintain the stability of the financial system. We will engage with the CBN, NDIC, and other relevant stakeholders to ensure a transparent and orderly resolution process, providing necessary support to mitigate any potential negative impact on the public.


Furthermore, we urge the CBN and NDIC to establish clear channels of communication to allay the fears of the public and prevent any loss of trust in our financial system. Effective public engagement is crucial to maintaining confidence during this period.


Chairman of the House Committee on Banking Regulations, Rep. Mohammed Bello El-Rufai, stated, "The Committee on Banking Regulations will closely monitor the liquidation process to ensure that the rights of depositors are protected and that the process adheres to the highest standards of transparency and accountability."


Similarly, the Chairman of the House Committee on Insurance and Actuarial Matters, Rep. Ahmed Usman Jaha, emphasised, "We will work diligently to oversee that the NDIC executes its mandate effectively, ensuring the protection of depositors' funds and maintaining confidence in the financial sector. The NDIC Act and the Banks and Other Financial Institutions Act (BOFIA) are clear in their provisions that depositors' funds are insured and protected."


We urge all depositors and stakeholders to remain calm and be assured of our dedication to protecting their interests.


Signed:


Rep. Akin Rotimi Jr.

House Spokesman / Chairman, House Committee on Media & Public Affairs

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