Innovative Banking Solution From Heritage Bank

Whether it is internet banking, personal banking or small business banking, Heritage bank has got you covered.  Heritage Bank goes beyond what you know as banking products and delivers initiatives, schemes and packages that bring ease to each of their customers. Due to its banking nature, Heritage bank services are personal, and deliberately approached from a bespoke angle, to simplify her customers’ lives.

For growing small business, Heritage bank offers SME support services and SME loans. Heritage bank is a Participating Financial Institutions (PFIs) of the Micro, Small and Medium Enterprises Development Fund (MSMEDF), launched by The Central Bank of Nigeria (CBN) on August 19, 2014.

Heritage bank will give you loans to meet your personal needs. These types of loan include  salary advance, auto loan, personal loan, personal loan top-up, tertiary cluster staff loan, smart advance, home appliances loan and Nigerian armed forces personal loan. Does any other bank also offer you this?

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NGAdverts: Genuine Nigeria Ad Network For Monetization

It is unarguable that Google Adsense program still remain the best monetization platform for bloggers and webmasters. Nevertheless, there exist other alternative advertising networks that still pays depending on your site traffic and audience country. 

NGAdverts is a Nigeria ad network that allows ads from the highest bidder display on your site at every point to ensure you earn the most. NGAdverts is PPC, therefore you earn from clicks alone. 


I find out about NGAdverts on a WhatsApp group, after several interactions with the owner I think, I decided to give them a try on my mazinoweb.com. According to what I was told, revenue sharing formula is 70/30 where publishers get the larger part of the deal.

Anyway, I left the ad codes on my blog and continue with my normal activities. Initially, the CPC was high and later it declined. Maybe advertisers weren't bidding high any longer. But since I was only experimenting with NGAdverts, I was not bothered. 

After a while, I checked and saw I can request for my payment which I did. Two days later, I was credited on the account I provided on my publisher account. Below is screenshots proof of payment.

NGAdverts payment request

NGAdverts payment

Many ad publishers do believe there are no good ad networks in Nigeria as most of them tend to scam, that is, refusing to pay or get a ban after they reach the threshold. Well, I can give you a guarantee that NGAdverts is real, they are reliable and will pay publishers once they reach the payment threshold which is N2000, but you will have to request for your payment before it is sent.

My conclusion is NGAdverts is real and not a scam. You can also use them to advertise your business as I have an advertiser account with them. You can advertise on NGAdverts with just N2000, with a bonus of N500 added to your advertiser account. So while waiting for Adsense and other big ad networks for approval which has become very difficult, why not start with NGAdverts to monetize your website or blog?

UPDATE (02/05/2017)
NG Adverts has launched its referral program that lets you earn when you refer an advertiser or publisher. Read here.
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Clarification About The Real Owners Of Heritage Bank

Heritage bank is a bank that has passed through many challenges but always emerged stronger. The ownership of the bank has always been a subject which some reports do claim Saraki and family hold ownership of Heritage bank. Is this really true?

Well, it is not a secret that the defunct Societe Generale Bank (SGBN) which was later transformed to Heritage bank was owned by the Saraki Family.  SGBN was mismanaged, became unhealthy and later financially dead.

After years, a group of investors out-rightly bought the bank with a new vision emerging as Heritage bank. In further to de-market Heritage bank, some reports also claimed that Tunde Ayeni, former Chairman of Skye bank and Saraki co-owned Heritage bank.

It is a truth that Tunde Ayeni has shares in Heritage bank but less than one percent which makes it very marginal. Tunde Ayeni also has marginal shares in other banks in Nigeria. Does it make him owner or controller of those banks? Absolute no.

Heritage bank

To further debunk mischievous claims about the real owners of the bank, Mr. Ifie Sekibo, the Managing Director/Chief Executive Officer of Heritage Bank Plc, in an interviewed with This Day Newspaper corrects the wrong notions that Saraki own the bank.

Here is an excerpt below:

Another issue that keeps reoccurring is the relationship of your bank with the Senate President. What is Senator Bukola Saraki’s stake in Heritage Bank?

Yes, from the very first day we opened Heritage Bank and the press wanted clarity of this, I took out time to explain our relationship. A group of us, young men and investors, put money together and approached the owners of Societe Generale Bank (SGBN). We held a meeting between SGBN, the new investors and the CBN. And a decision was made to say we the new investors should buy 80 per cent of the bank. Eleven per cent of the bank was given to depositors who had indicated their interest to convert their deposits to shares and the former holders which included Saraki; but it is important to note that Saraki was not the only owner of that bank.

They were 19 other shareholders. Those old shareholders (Saraki inclusive) were given 9 per cent of the bank. My group that came in as new investors, bought 80 per cent with N10.2 billion cash, not N11 billion or N12 billion. That is why when they say I laundered N12 billion, I was just laughing at them. We paid N10.2 billion for a regional bank. The depositors who had their monies in the former SGBN wrote to the CBN that they want to convert their monies to shares and were allotted 11 per cent of the bank. The 9 per cent was allotted to the former shareholders. Thereafter, we raised new capital through a private placement that was publicly subscribed to, in which case we had about 56 new shareholders and the Saraki group did not subscribe to even one new share.

So, they got diluted down to about 4 per cent. When we now got into Enterprise Bank, in order to acquire the bank, we went to the capital market again and raised N11 billion from the market. That N11 billion was over 100 shareholders. Again, I repeat, the Saraki group did not subscribe to any new shares. They got diluted to less than 1 per cent of the bank. And we bought Enterprise Bank. If you look at the shareholding structure of Heritage bank as at today, because they did not subscribe to new shares in the two rounds of capital raising, they now have less than one per cent of the bank.

But whenever people go out there, they would say it is Saraki’s bank. I have said anybody can go to the Corporate Affairs Commission (CAC), you can come to our office to ask for the register of shareholders. We have an annual general meeting in which the register was made public. See, whether there is a pseudo or anything whatsoever, you can trace. You can take each of the shareholders and trace them. Saraki is also alive, you can ask him if he has at any point in time added to his shares at Heritage Bank.

But would I deny that they were the owners of the bank before we bought it? It is true! I was a secondary school boy if not less, when SGBN was running. I wasn’t part of it, I am just an investor. Many investors had tried to buy SGBN over the years, but we succeeded. If anything, I think we deserve commendation. Rather than crucify us, we should be given national awards for bringing a dead bank back to life. I dare people to go do a research of the whole world, whether a bank had gone down and come back to life. We have done it. If nothing, as a Nigerian, I am proud of myself. Every press that tries to run us down tries to call a Saraki into it. The good news is that we turned SGBN around and people got their monies and are able to transact their businesses.
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