A video surfaced online on Monday, showing how some staff of Heritage Bank Plc besieged the residence of Andy Uba, a former senator from Anambra State, who once served as an aide to former President Obasanjo.
The staff of the bank, displayed placards, as they gathered in front of his residence in Abuja, asking the politician to repay the loan he collected to save their job.
One of the bankers at the scene said in the video that, they are 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 the situation of the economy now.”
Recently,, the senate 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 assets are used as security/collateral for obtaining the loan in question.
Bank sources say, the move by the National Assembly, empowering AMCON on recovery is due to the large number of loan defaulters which are mostly prominent Nigerians.
“These big men obtain loans, and refused to service it, and in most cases refused to repay, and this has become threat to most financial institutions because these are depositors’ funds”.
