Daily Trust (Abuja)

Nigeria: SGBN to Conduct Verification of Customers

Ahead of its resumption of full banking operations, Societe Generale Bank of Nigeria (SGBN), now Heritage Bank of Nigeria Plc will soon embark on the final verification of its customers nationwide.

Central Bank of Nigeria (CBN) had in 2002 withdrew the licenses of SGBN and Savanna Bank. The management of the two banks however went to court and got an order for the restoration of their licenses in 2010.

But speaking in Dutse, Jigawa state Thursday at the on-going 2012 FICAN workshop, Nigerian Deposit Insurance Corporation (NDIC)'s director, Insurance and Surveillance department, Z.A Anate said SGBN would soon conduct a second customers' verification exercise, while appealing to its customers to support the bank by providing information that would help it conclude its verification on time.

He urged customers to exercise patience as the bank would soon open for business.

He also said NDIC had granted Societe Generale Bank of Nigeria (SGBN) regional banking operation license under a new name, Heritage Bank of Nigeria Plc.

On Savannah bank, Anate said the bank is following the trail of SGBN and that it would soon open for operation.

Ads by Google

Copyright © 2012 Daily Trust. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.