Tag Archives: heritage bank


It’s a persistent scandal that refused to die! In what led credence to months of denial and counter denial by the parties involved, the Economic and Financial Crimes Commission today Wednesday 29th March, 2018 dragged the Managing Director of Heritage Bank, Ifie Sekibo before the  Federal High Court in Lagos over an alleged fraud of N605,321,051.05.


It was alleged that the banker violated section 7(1) of the Bank employees laws of the Federation of Nigeria and is liable to be punished under the law.


Also joined in the charge sheet marked FHC/C/95C/18 is a son-in-law to the Governor of Oyo State, Senator Abiola Ajimobi, Kolapo Kola-Daisi.


The Commission alleged that Sekibo committed the crime as the Managing Director of Heritage Bank  when he acquired the sum of N180M beyond his legitimate income through Greame Properties Limited, a company he owns.


Other charges also read that the Bank Chief committed other financial misdemeanour in connivance with Mr Kolapo Kola Daisi.


Sekibo was alleged to have conspired with the Governor’s son-in-law to transfer a N300M proceeds of unlawful activityinto the accounts of Hiltrans Global Investment Limited when he knew that the fund was fraudulently withdrawn from the account of Heritage Bank in Access Bank plc.


Some months ago there was a report linking the Heritage bank, Oyo State Government and Kolapo Kola Daisi in a fraudulent financial case which the bank hurriedly dismissed.


The case in court today threw light on the financial misappropriation that links the Bank MD and the Governor’s son in-law.


It was revealed that when the EFCC first picked up Kolapo Kola Daisi, the Oyo State Governor, Abiola Ajimobi called back his ex Commissioner of Finance who was holidaying in Dubai to come back home and defend the young man before he talks himself into problem.


The case was adjourned.

Microbiologist wins N5m Heritage Bank’s Sponsored Next Titan Season-4

A 22-year-old fledgling entrepreneur, Mr. Iyeh Kennedy has emerged winner of Season 4 of the Next Titan, Nigeria’s entrepreneurial reality TV show sponsored by Heritage Bank Plc, as headline sponsor.

Kennedy is the MD of Blue Leaf Herbs and Spices which is into 100 percent organic cultivation, production and packaging of spices with the objective of reducing importation of spices from outside the country. He is a graduate of microbiology from Godfrey Okoye University, Enugu.

He beat three other contestants at the grand finale of the season 4 of the Next Titan held in Lagos recently to win the star prize of N5 million from Heritage Bank and a brand-new Ford Ranger from Coscharis Motors to kick start his business.

The Next Titan is Nigeria’s entrepreneurial reality TV show, a brain child of Mide Kunle-Akinlaja, where thousands of ambitious young entrepreneurs compete and a winner emerges to cart away with a grand prize of N5 million and a brand-new car to start his or her dream business.

The MD/CEO of Heritage Bank, Mr. Ifie Sekibo said the bank has been sponsoring the Next Titan with other sponsors for the last four years in a bid to harness the youths and instil the spirit of entrepreneurship in them.

Sekibo, who was represented by the Divisional Head, Structured Assets, of the Bank, Mr. Kehinde Olugbemi said Heritage Bank believed in creating, preserving and transferring wealth across generations, adding that if they can teach a couple of people how to catch fish, they will in turn teach others so that wealth can be created, and employment generated.

He enjoined the other contestants who did not win to regard themselves as winners because they had learnt some invaluable concepts such as strategy, team work from the judges who are quite experienced in their areas of expertise.

In an interview with journalists, Mr. Kennedy said, “I can’t express myself right now. I left Enugu to come and pursue this dream and even lost my lectureship job with Godfrey Okoye University while on the programme. This prize means life and everything to me now and it also means that the vision which I have for Nigeria has just begun and waiting to be accomplished.”

At the grand finale four finalists: Miss Adenike Ogundoro, a baker; Mr. Sam Dioka, an ecopreneur; Miss Amaka Nworah, a shoe maker and Mr. Kennedy competed for the star prize of N5 million and a brand-new Ford Ranger.

The panel of judges made up of Mr. Kyari Bukar, Chairman of Nigerian Economic Summit Group (NESG); Mr. Tonye Cole, Executive Director and Co-founder of Sahara Group, Chris Parkes, Chairman/CEO of CPMS Africa, an integrated marketing communications firm and Lilian Olubi, CEO of Primera Africa Securities Limited evicted Miss Nworah after each of them made their business presentations and unanimously upheld Mr. Kennedy as the star prize winner and Mr. Dioka as first runner up winner.

The four finalists emerged from the top 16 contestants with the brightest ideas that were shortlisted from 50 aspiring entrepreneurs that were selected from auditions held in Abuja, Port-Harcourt, Enugu and Lagos recently.

The 16 contestants lived together and competed among themselves by carrying out weekly business tasks and challenges around the city of Lagos for nine weeks on television and with weekly evictions in the boardroom by the judges.

Earlier, in his address of welcome, Kunle-Akinlaja, the Executive Producer of the Next Titan Nigeria noted that in the past three years and with the support of the sponsors and judges, they had been able to give out millions of naira and brand-new cars to young entrepreneurs with a deliberate attempt to inspire their spirit of entrepreneurship.

He said besides the contestants, millions of other young aspiring entrepreneurs who are watching the show are also encouraged to see entrepreneurship as a viable career option.

The executive producer noted, “I’m absolutely grateful to the sponsors and the judges who have always collaborated with us by supporting the Next Titan Nigeria every year and by believing in our objective which is about demystifying entrepreneurship and presenting it as what young unemployed graduates should start leveraging on to build lasting wealth for themselves and for the nation.”

Heritage Bank Fights To Dispel N150M Fraud Charge

Top financial isntitution, Heritage bank is fighting tooth and nail to counter the allegation that some of its staffers are involved in a N150 million fraud.

Employees of telecommunications company, MTN are also fingered in the alleged fraud reports claim is receiving interest from the police.

The bank claimed the report was not correct citing that all those fingered in the fraud that saw bankers steal funds from customers account and telecoms employees prevent them from receiving alerts are not staffers of Heritage bank.

Handlers of the financial institution are currently bombarding the social media space with the bank’s position – even as the story of alleged fraud refuse to die.

Revealed! Why Robert Mbonu Quit Heritage Bank (how he was eased out to please Ifie Sekibo)

It is an open yet closely guarded secret in Heritage Bank today that Robert, a brilliant banker, and Executive Director in charge of Enterprise Management Group was surreptitiously eased out of the bank’s management. Though no official reason has been given for Mbonu’s dismissal, sources close to the bank alleged that it might not be unconnected with a power tussle between him and the bank’s Managing Director (MD), Ifie Sekibo.

A former MD of the Societe Generale Bank of Nigeria, owned by the illustrious Saraki family, Mbonu was arrested in 2013 by the Economic and Financial Crimes Commission (EFCC) in 2013 for his involvement in the pillaging of the bank’s vault. The SGBN later metamorphosed into Heritage Bank where Mbonu was placed below Sekibo. The centre never held between the duo as Sekibo persistently felt threatened by Mbonu’s brilliance and competency at his job.

The embers of discord were further stoked between the two when Heritage Bank acquired Enterprise Bank. Mbonu allegedly believed that, being a tested and trusted turn-around expert, he would be given the responsibility of integrating the moribund bank into the Heritage Banking Company Limited. Alas, that was not to be. Yet, his competence and prolificacy are not in doubt – a fact attested to by the bank on its website. Mbonu was allegedly paid off by the bank.

There is no doubt Mbonu is an astute numbers man and a seasoned Banker. He took charge and led the team that restructured the former Societe Generale Bank Nig. leading up to the bank’s acquisition by IEI Investments Limited. “Robb” as he is fondly called by friends and associates, headed the Enterprise Management Group of Heritage Bank until he was craftily dismissed as a result of high-wired boardroom politics.

After been shown the exit door at Heritage Bank, an act insiders of the back referred to as an act of betrayer, he relocated abroad for study only to come back in the country to open an Arts Gallery.