ZLP condemns Heritage Bank action against Senator Uba

Opposition Zenith Labour Party (ZLP), has condemned the recent picketing of the residence of All Progressives Congress (APC) governorship aspirant,  Senator Andy Uba by staff of Heritage Bank.

A press statement issued  by the National Chairman of the party, Dan Nwanyanwu,  Tuesday in Abuja, described the banks action as unlawful and politically motivated 
The management of Heritage Bank had on Monday,  stormed the residence of the former Senator representing Anambra Central, who was alleged to be owing the bank an undisclosed sum of money.

The ZLP Chairman,  who expressed shock at the action of the bank,  noted, “The act of the Heritage Bank and their staffers is grossly irresponsible and against the ethics and ethos of the banking profession.

“What happened between Senator Andy Uba and the Heritage Bank was a business relationship clothed with fiduciary understanding which is not for public drama. By the action of Heritage Bank, they have acted in an ignorious manner as paid hirelings out to embarrass and disgrace   Senator Andy Uba in other to satisfy their paid masters rather than a genuine attempt to recover the so called debt. No responsible Bank or its officials anywhere in the world will act in that manner. 

“As a banker of many years, I know that nanks don’t recover their debt through a public show rather there are procedures and mechnisms available to any bank to recover any debt owned by a customer that is getting difficult to be repaid. I don’t know when it has become a crime for individual and business concerns to borrow from a bank. Most business concerns run their businesses with some facilities from banks in a fiduciary relationship and it is never a crime. Is Nigeria not owing?
Nwanyanwu regretted that the banks action came at the times of politics particularly now that the primary election by different political parties including the party of Senator Andy Uba are also selecting their governorship candidates
“The actions of the Heritage Bank at this critical point lends credence to the fact that the action was political and aimed at working against the interest of Senator Andy Uba who is also an aspirant in the state for the race of governor in Anambra state.”  

“When the contract between the two parties was entered into, the public was not involved and not aware, and you can not dance naked in the market Square under the guise that you were on debt recovery.”

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