Heritage Bank Suspends AliBaba’s Wife over Unrecoverable loans

According to SaharaReports, Heritage Bank of Nigeria has taken an unprecedented step against one its executive directors, Mary Akpobome, who happens to be the wife of popular Nigerian comedian Ali Baba: an indefinite suspension to go and recover loans she signed off on.

Heritage Bank is facing difficulties arising from insider abuse and self-dealing.  Saharareporters listed it as undergoing distress in 2016.

Several bank sources told Saharareporters that Mrs. Akpobome and powerful bank management were abusing their positions and engaging in fraud. But today, Mrs. Akpobome and an unnamed account officer were sent packing leading her to clear her desk because she anticipates that the task was so impossible she may not return to her office.

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