Standard Bank Customers Outraged Over Alleged Security Breach and Fraudulent Activities
Standard Bank customers are expressing outrage on social media over an alleged 'massive security breach.' Reports of fraudulent transactions and missing funds have been widespread. Efforts to block compromised accounts have been hampered by lengthy wait times, creating further frustration among customers. This incident follows multiple system outages and a leadership change in the bank.
Nigeria's Central Bank Revokes Heritage Bank's Operating Licence Over Capital and Governance Issues
The Central Bank of Nigeria has revoked the licence of Heritage Bank due to failure to meet capital requirements and poor corporate governance. The bank struggled to comply with regulatory standards despite multiple warnings. A liquidator has been appointed to manage the bank's assets and ensure depositor funds are secure.