By Matthew Denis The Nigeria Deposit Insurance Commission has disclosed that it has commenced the payment of N46.6bn as first tranche of liquidation dividends to deposirors insured limit. This is contained in a statement signed by Hawwau Gambo, Acting Head…
The Nigeria Deposit Insurance Corporation (NDIC) has started payment of N46.6 billion in liquidation dividends to depositors of the defunct Heritage Bank. This is contained in statement on Sunday by Hawwau Gambo, Acting Head, Communication and Public Affairs. She said…
By Seun Ibiyemi The Nigeria Deposit Insurance Corporation (NDIC) has said it would begin the payment of the first tranche of liquidation dividends to depositors of Heritage Bank from April. It would be recalled that Heritage Bank operating licence was…
By Seun Ibiyemi and Matthew Denis, Abuja The Nigeria Deposit Insurance Corporation (NDIC) has provided an update on the ongoing liquidation of Heritage Bank, reassuring depositors with balances exceeding the N5 million insurance limit that payments will soon commence. Following…
By Austine Agbo Emmanuel, Kaduna The Nigeria Deposit Insurance Corporation (NDIC) has successfully auctioned off the assets of the defunct Heritage Bank, including landed properties and chattels, as part of its statutory mandate under Section 62 (1)(d) of the NDIC…
By Seun Ibiyemi The Nigeria Deposit Insurance Corporation (NDIC) has commenced an auction process to sell the landed properties and other assets of the defunct Heritage Bank, with the aim of generating funds for liquidation dividends to compensate uninsured depositors.…
As part of efforts by the Nigeria Deposit Insurance Corporation (NDIC) to pay liquidation dividends to uninsured depositors of the failed Heritage Bank, the Corporation has announced that it will be auctioning landed properties and chattels of the defunct bank.…
By Esther Agbo The Nigerian Senate has called on the Nigeria Deposit Insurance Corporation (NDIC) to prioritise efforts in securing maximum returns from the liquidation assets of the now-defunct Heritage Bank. This directive, aimed at protecting the interests of remaining…
The Nigeria Deposit Insurance Corporation (NDIC) has adopted the Nigeria Inter-Bank Settlement System (NIBSS) to pay insured depositors of the now-defunct Heritage Bank, citing limitations in the Remita payment platform. NDIC’s Deputy Director at the Enugu Zonal Office, Pamela Roberts,…
The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors with above N5million in the defunct Heritage Bank of reimbursement through the liquidation of the Bank’s dividends. NDIC’s Managing Director and Chief Executive Officer, Mr. Bello Hassan made this known during…
