…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…
By Matthew Denis The Management of Nigeria Deposit Insurance Corporation (NDIC) has disclosed that the remaining 17.64 percent of the insured deposits yet to be paid were largely depositors whose accounts have post no debits (PND) instructions or have no…
The Nigeria Deposit Insurance Corporation says it has disbursed the insured deposits of N5 million each to 82.36 per cent of the total customers of the defunct Heritage Bank. It also noted that 17.64 per cent of the insured deposits…
The Nigeria Deposit Insurance Corporation (NDIC) has attributed its swift payment of depositors of the failed Heritage Bank to advanced technology and robust cybersecurity measures. The Managing Director of NDIC, Mr Bello Hassan, disclosed this at the 2024 Mid-Year Enterprise…
By Esther Agbo OPay, a prominent Nigerian fintech company has confirmed that its customers’ deposits are now insured up to N5 million, in line with the Nigeria Deposit Insurance Corporation (NDIC) industry standard. In a statement released on Sunday, OPay…
By Opeyemi Abdulsalam The NDIC has identified a issue with former Heritage Bank customers’ account names not matching their BVN records, leading to delays in refunding their deposits. According to the NDIC, discrepancies in account names associated with former Heritage…
The Nigeria Deposit Insurance Corporation (NDIC) says account names discrepancies in Bank Verification Number (BVN) linked alternate account of some defunct Heritage Bank customers is delaying the payment of their insured deposits. Mr Bello Hassan, the Managing Director of NDIC told…
The Nigeria Deposit Insurance Corporation has listed the head office in Lagos and branches of failed Heritage Bank across the country for sale in its role as liquidator of the bank. NDIC announced the sale of the bank properties numbering…
The House of Representatives has resolved to review the law establishing the Nigerian Deposit Insurance Corporation, NDIC, and increase the compensation payable to depositors of failed banks. This resolution was reached on Tuesday following the adoption of a motion moved…
By Matthew Denis The Managing Director and Chief Executive Officer of Nigeria Deposit Insurance Corporation (NDIC), Mr. Hassan Bello, has disclosed that the Corporation will commence the payment of Heritage Bank 2.3 million depositors this week. He made disclosure during…
