Some workers of Heritage Bank on Monday besieged the
residence of Andy Uba, former senator from Anambra state, over a loan they said
he owes the financial insitution.
The staff of the bank, who were seen with placards, gathered
in front of his residence in Abuja, asking the politician to pay the purported
loan to save their jobs.
We could not immediately verify details of the debt
which Osita Nwasinobi, a spokesperson of the Central Bank of Nigeria (CBN),
said he was not aware of when contacted.
Both Uba and the Asset Management Corporation of Nigeria
(AMCON) have been contacted for comments regarding the development.
One of the bankers at the scene said they were appealing to
the former senator to “kindly pay this money so that these people will not lose
their job.”
“Senator Andy Uba has been owing the bank for a couple of
years now, and we are here for a very peaceful meeting with him to ask him to
repay those loans because those are depositors funds,” the unidentified staff
said in a recorded video from the scene.
“And those monies, if not repaid, will throw the number of
people you see here with their families out of work. And you know th situation
of the economy now.”
Some financial institutions in Nigeria, like Heritage Bank,
are known to experience difficulty in recovering loans to businesses and
private individuals.
In 2020, the CBN took a step ahead of the defaulters by
allowing banks to seize funds in the accounts of loan defaulters to protect
depositors.
Also, the senate recently passed a bill that strengthened
the power of AMCON to recover bad loans
by allowing it to seize and sell properties traced to debtors, whether or not
such assetsare used as security/collateral for obtaining the loan in question.
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