Tag Archives: heritage bank

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.