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…
The Nigeria Deposit Insurance Corporation (NDIC), says plans are ongoing to pay depositors of the defunct Heritage Bank whose deposits exceed N5 million. The Managing Director of NDIC, Mr Bello Hassan said this at the 2024 workshop for Financial Correspondents…
By Esther Agbo The Nigeria Deposit Insurance Corporation (NDIC) has implemented a streamlined depositor payment process, which has significantly expedited the reimbursement of customers from the now-defunct Heritage Bank. This was revealed by NDIC’s Managing Director, Bello Hassan, during a…
…As other customers receive N5m each By Matthew Denis The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that 17.64 percent of the insured deposits from the defunct Heritage Bank are still pending due to depositors’ accounts either having Post No…
