Seidu Agongo calls Heritage Bank collapse political persecution

The Majority Shareholder of the defunct Heritage Bank, Seidu Agongo, has described the collapse of his bank as political persecution in an exclusive interview on TV3’s Business Focus with Paa Kwesi Asare.

In the yet-to-be-aired interview, Agongo questioned the Central Bank’s justification for revoking Heritage Bank’s license, arguing that if his bank was deemed “unfit and improper,” it wouldn’t have been asked to merge with other financial institutions.

“If I’m not fit and proper, why were you asking me to merge with other banks? The same bank that was not fit and proper. Why were you asking us to merge with other banks?” he asked.

Despite his frustration over how the then-Bank of Ghana Governor, Dr. Ernest Addison handled the situation, Agongo surprisingly stated that he would still express gratitude if they met in person.

“If I met him face to face, I would thank him so much,” he said, adding that he remains bitter because Heritage Bank could have reshaped Ghana’s banking industry with unparalleled competition.

Agongo, who was facing trial over the bank’s collapse, was recently cleared when the NDC came into power, through the Attorney General, discontinued his prosecution.

The full interview airs on Tuesday, February 11, 2025, on TV3’s Business Focus.

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The post Seidu Agongo calls Heritage Bank collapse political persecution first appeared on 3News.

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