Afenifere seeks reversal of Heritage Bank’s licence revocation

• Urges Ondo govt to re-acquire defunct bank
•Tasks Aiyedatiwa on reviving Ajasin’s legacies

The Pan-Yoruba socio-cultural organisation, Afenifere, has called for the reversal of the revocation of the operational licence of the defunct Heritage Bank.


According to the Ondo State chapter of the mainstream Yoruba group, the bank metamorphosed from Owena Bank to Omega Bank, Spring Bank, Enterprise Bank, and Heritage Bank.

The body urged the Federal Government to reverse the bank to Ondo State since it was originally owned by the state. The group, which gave the advice during its general assembly meeting held at the home of its National Leader, Pa Reuben Fasoranti, said that the bank, as well as other legacies of the former governor of the state, Adekunle Ajasin, should be revived by the state government.

In a communiqué issued at the end of the meeting and read by the state’s Publicity Secretary of the oraganisation, Eric Oluwole, the group urged the state government to continue to fund the Amotekun Corps for effective and efficient operation.

Oluwole said: “The Ondo State chapter of Afenifere held a meeting today and resolved that the Ondo State Government should liaise with the Federal Government to revive all the economic legacies floated by the Adekunle Ajasin-led administration.


“The state should take the necessary action towards the acquisition of Heritage Bank. The legacies include the licence of the bank, and we advise the Federal Government to reverse it to its original founder, which is the Ondo State Government.

“Other legacies include Oluwa Glass, Ifon Ceramic, Akunu Cattle Ranch, Owena Motels, among others.

“Afenifere commends the state government for not relenting on its effort on security, especially the Amotekun outfit floated by the late Governor of Ondo State, Oluwarotimi Akeredolu.

“Afenifere also urges the state government to continue the funding of Amotekun and other security agencies in the state.

“Afenifere advises the government to adopt, as part of its education policies, the Yoruba language and history as compulsory subjects to be taught at primary and secondary schools.”

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