Embattled businessman and philanthropist, Alhaji Seidu Agongo, has written an emotional article on the collapsed Heritage Bank Limited after news broke Thursday, September 6 that the bank’s assets were due to be auctioned.
Below is the article
A SAD END?
In July 2014, I set out to build a brand that will endure and stand the test of time.
It was a deliberate attempt, guided and inspired by a passion to create a formidable brand from scratch onto the world economic stage. Like Ecobank, Access Bank and Stanbic Bank, which are successful African brands in the financial space, that brand was envisaged to be a proud continental brand, blazing the flag of Ghana and rubbing shoulders with counterparts elsewhere.
With the relevant financial resources in hand, we completed the preparatory works and in October 2016, acquired a licence from Bank of Ghana to operate as Heritage Bank Ghana Limited.
The dream was on and in the twinkle of an eye, a group of highly motivated staff were assembled and one of the best and most robust working structures put together to render niche services that will endear those we come into contact with.
All was well until 2017, when a new regulatory regime started taking us, prisoner.
To cut a long story short, Heritage Bank was collapsed in January this year, making it the only SOLVENT BANK to have lost its licence to the Bank of Ghana’s reforms.
Almost nine months down the line, the properties of the once cherished, blossoming and glowing brand are now up for auction; an auction that is akin to the virtual continuous auctioning of shrewd business ideas in our part of the world.
Africa and Ghana in particular won’t grow in that environment.
Like Pastor Mensa Otabil said in February 2016, the difference between Ghanaians and Mark Zukerberg and Steve Jobs of Facebook and Apple fame is not brains, it is the environment!
Heritage Bank may be gone but the flame hasn’t quenched and won’t be quenched.
#StillHeritageToTheWorld
Source: Seidu Agongo
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When all peers and cronies acquire medals in the cohort of looters, the impudence becomes the only known way of life so much so, that a good change becomes a deviation from the glorified yet deviate norm.
You create a system to clean dirty blood money and you call it a bank??? What is the source of your money dear Mr???
Stop that psychology. You did not follow the laid down procedure and you thought your link with the Presidency could enable you maneuver your way. Do you know how Ecobank, Stanbic, Access Banks started. They started on a sound financial/banking principle but not 'whom you know in government principles'. You are playing mind games but the country is now serious to write all the wrongs and surge forward in development. That cheap and vision less posture of your NDC is over . Ghana deserves better than such dubious way of enriching people Go to court if you feel cheated
Touch not my anointed.Pride commeth before a fall.Be humble young man.Money is not everything on this earth.
YOU STOLE OUR MONEY TO ENRICH YOU AND YOUR FAMILY, WE ARE TAKING BACK OUR STOLE MONEY SO WHAT IS YOUR PROBLEM? WHAT SENT YOU TO COURT? BASELESS ARTICLE!!!!
Only time will tell, we can not judge now
U use a contract document with a COCOBOD as an “Asset” to set up a bank? If u got away with it that doesn’t mean it was right? Buddy don’t try to court sympathy
I do not blame you. All these CRIMINALS are walking free and still talking! The AFRC/PNDC era would have seen you DEAD by now! Nana Addo, please do not let these go away with their CRIMINAL wealth!