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Sunday, June 23, 2024
Home Business NDIC COMMENCE LIQUIDATION OF HERITAGE BANK

NDIC COMMENCE LIQUIDATION OF HERITAGE BANK

The Nigeria Deposit Insurance Corporation  NDIC says, it has commenced the liquidation of Heritage Bank Plc.
The corporation’s Director of Communication and Public Affairs, Bashir Nuhu in a statement , said the liquidation is in accordance with Section 55 Sub-sections 1 & 2 of the NDIC Act 2023.
NDIC assures, all that it will pay depositors of the failed bank N5 million insured deposits.
“Depositors of the bank that have alternate accounts within the industry will be paid up to the insured amount of N5 million per depositor using their Bank Verification Number (BVN) to locate their alternate account.
While depositors with funds in excess of N5 million will be paid liquidation dividends upon realisation of the bank’s assets and recovery of debts owed to the bank.”
Nuhu advised depositors without an alternate bank account in the industry to visit the nearest branch of the bank with proof of account ownership and verifiable means of identification.
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