Depositors of Heritage Bank (in liquidation) will be paid their insured deposits as from this week.
The Managing Director (MD) of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, disclosed this yesterday, at a press conference in Abuja.
According to him, over 99 percent of the 2.3 million depositors have N5 million and less in their accounts and will therefore be paid in full.
He explained that only about 4,000 depositors have above N5 million in their accounts, saying for such customers, they will receive an initial N5 million along with others and later be paid more, as the NDIC recovers assets of the bank and loans from debtors.
The NDIC also disclosed that from preliminary findings, there are about N650 billion deposits, and about N700 billion loans, stressing that these figures could go up as the scrutiny of the bank’s records continues.
He urged all bank customers to continue their legitimate businesses, assuring that the banking system is sound and safe.
