Andy Uba
By Our Reporter
After several unsuccessful attempt at making Senator Andy Uba offset the loan collected from Heritage Bank Plc, some staff of Heritage Bank Plc on Monday besieged his residence to plead with him to pay his debt.
The staff gathered in front of his residence in Abuja, carrying placards, demanding that the politician pay the purported loan to save their jobs.
Though the details of the debt could not be verified, one of the bankers at the scene said they were appealing to the 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.”
Some financial institutions in Nigeria, like Heritage Bank, are known to experience difficulty in recovering loans to businesses and private individuals.
In 2020, the CBN took a step ahead of the defaulters by allowing banks to seize funds in the accounts of loan defaulters to protect depositors.
Also, the senate recently passed a bill that strengthened the power of Asset Management Corporation of Nigeria (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.
Andy Uba is currently running to be the next governor of Anambra state under the platform of the All Progressives Congress (APC).
