The Nigeria Deposit Insurance Corporation has recovered an additional N24.3bn from the assets of the defunct Heritage Bank Limited to facilitate the repayment of depositors with balances exceeding N5m at the time the bank’s licence was revoked. This was disclosed in a statement signed by the Head, Communication and Public Affairs Department of...
The Nigeria Deposit Insurance Corporation has commenced the payment of N46.6 billion as the first tranche of liquidation dividends to depositors of the defunct Heritage Bank, whose funds exceeded the maximum insured limit of N5m. The corporation announced the development in a statement issued on Sunday by its acting Head of Communication and P...
Depositors with N5 million and above in the recently revoked Heritage Bank have called on the National Assembly to urgently intervene in their plight, urging the Central Bank of Nigeria (CBN) to reconsider its decision. Many of the affected customers said they have been thrown into severe financial distress, with their businesses and livelihoo...
The Managing Director and Chief Executive, Nigeria Deposit Insurance Corporation, NDIC, Bello Hassan, said yesterday the corporation has commenced sales of landed property and chattels of the defunct Heritage Bank nationwide to ensure payment of liquidation dividend to uninsured depositors of the bank. Hassan disclosed this on the occasion of ...
The Nigeria Deposit Insurance Corporation, NDIC said that some customers of the defunct Heritage Bank have not been paid the insured part of their deposit due to factors including inconsistencies in the database of the bank. Managing Director, NDIC, Mr. Bello Hassan disclosed this in a keynote address at the 2024 NDIC Editors Forum in [&hellip...
Depositors of the recently liquidated Heritage Bank have appealed to President Bola Tinubu over the non-payment of their deposits since the Central Bank of Nigeria (CBN) revoked the bank’s license on June 3, 2024. The depositors, many of whom are facing severe economic hardship, lament that more than 200 of their members have died from [&helli...
The Nigeria Deposit Insurance Corporation (NDIC) yesterday said it has commenced the process for the sale of landed properties and chattels of the defunct Heritage Bank, in a bid to ensure timely declaration of liquidation dividends to uninsured depositors of the failed bank. NDIC in a statement signed by Director, Communication and Public Aff...
The Nigeria Deposit Insurance Corporation (NDIC) reported that 84.98% of depositors from the now defunct Heritage Bank have been reimbursed, thanks to the use of Bank Verification Numbers (BVN). NDIC’s CEO, Bello Hassan, anÂnounced this at the ongoing 21st edition of the NDIC Workshop for Business Editors and Finance Correspondents Association...
The Nigeria Deposit Insurance Corporation (NDIC) says 82.36% of the total insured depositors of the defunct Heritage Bank have been reimbursed since the revocation of the bank’s licence by the Central Bank of Nigeria (CBN) on June 3, 2024. In a statement yesterday, a spokesman for the appointed liquidator NDIC, Bashir Nuhu, said the remaining ...
The National Union of Banks, Insurance and FiÂnancial Institutions EmÂployees (NUBIFIE) has staged a protest at the head office of the Heritage Bank in Victoria Island over alÂleged wrongful disengageÂment and refusal to settle severance benefits of about 1000 exited workers. The leaders and memÂbers of the union, while chanting solidarity son...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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