Tag: NDIC

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. Managing Director of NDIC, Bello Hassan, who stated this to newsmen in Abuja at the weekend, said the corporation had paid substantial amount to depositors of the defunct bank without BVN account linked issues. He called on depositors of the bank who were yet to receive their insured deposit credit alert to visit the NDIC’s website and complete…

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…

The Nigeria Deposit Insurance Corporation (NDIC) has commenced the liquidation of Heritage Bank, assuring it will pay depositors of the failed bank N5 million insured deposits. Director of Communication & Public Affairs, Bashir Nuhu, disclosed this in a statement, yesterday. The statement read in part: “Following the revocation of the banking license of Heritage Bank Plc by the Central Bank of Nigeria (CBN) today, June 3, 2024 and the appointment of the Nigeria Deposit Insurance Corporation (NDIC) as the Liquidator, pursuant to Section 12(2) of the Banks & Othwr Financial…