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…
By Seun Ibiyemi The Nigeria Deposit Insurance Corporation (NDIC), has reiterated its commitment toward ensuring excellent and exceptional service delivery to stakeholders. The Managing Director of NDIC, Bello Hassan said this at the 2024 NDIC Customer Service Week (CSW) celebration…
The Nigeria Deposit Insurance Corporation (NDIC), has reiterated its commitment toward ensuring excellent and exceptional service delivery to stakeholders. Mr Bello Hassan, the Managing Director of NDIC, said this at the 2024 NDIC Customer Service Week (CSW) celebration in Abuja…
The Nigeria Deposit Insurance Corporation (NDIC) says it has strengthened its collaboration with the judiciary to expedite the prosecution of failed financial institutions. The Managing Director of NDIC, Mr Bello Hassan, said this at the Corporation’s special day at the…
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), has advised banks to comply with regulatory requirements especially on Bank Verication Number (BVN). According to NDIC, the aim is to ensure prompt payment of insured deposits to depositors in the event of bank…
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…
