The recent closure of Heritage Bank by the Central Bank of Nigeria (CBN) under the leadership of Dr. Philip Cardoso has sparked a contrasting narrative compared to the era of Godwin Emefiele. While Emefiele's tenure was marked by interventions and bailouts to avert bank failures, Cardoso's CBN appears willing to let banks fail, signaling a shift in approach. This move may indicate a more stringent regulatory stance, prioritizing market discipline and risk management. However, it also raises concerns about potential systemic implications and the fate of depositors and stakeholders.