US EditionNDIC begins payment to Heritage Bank's large depositors
- The Nigeria Deposit Insurance Corporation began paying ₦46.6 billion in liquidation dividends on April 25, 2025, to Heritage Bank depositors whose balances exceeded ₦5 million.
- This payment followed the June 3, 2024, revocation of Heritage Bank's license by the Central Bank of Nigeria and initial reimbursement of insured deposits up to ₦5 million.
- NDIC used proceeds from asset sales and debt recoveries to fund the pro-rata liquidation dividends, identifying depositors via Bank Verification Numbers to credit alternate accounts.
- The first tranche pays 9.2 kobo per naira on deposits exceeding the insured limit, and depositors who have not received payments must contact NDIC offices or use official channels.
- NDIC affirmed its commitment to ongoing asset recovery and pledged further payments to ensure full reimbursement of all eligible Heritage Bank depositors.
20 Articles
20 Articles
Why NDIC commenced payment of liquidation dividends to depositors with funds above insured sum
By Chioma Obinagwam In its continued commitment to ensuring that depositors of the defunct Heritage Bank are fully reimbursed, the Nigeria Deposit Insurance Corporation (NDIC) has declared first tranche of liquidation dividends totaling ₦46.6 billion from the proceeds of sales of the defunct bank’s assets and recovery of debts owed to the defunct institution. Confiance […]
NDIC Begins ₦46.6bn First Tranche Payment Of Liquidation Dividends To Heritage Bank Depositors – Independent Newspaper Nigeria
ABUJA – The Nigeria Deposit Insurance Corporation (NDIC) has commenced payment of ₦46.6 billion as the first tranche of liquidation dividends to depositors of the defunct Heritage Bank whose account balances exceeded the insured limit of ₦5 million. According to a statement signed by Hawwau Gambo, thr Acting Head, Communication & Public Affairs, the payment […]
Delight as NDIC Begins Payment of Heritage Bank N46.6bn Liquidation
By Adedapo Adesanya The Nigeria Deposit Insurance Corporation (NDIC) has started the payment of N46.6 billion in liquidation dividends to depositors of the defunct Heritage Bank months after a series of delays, a development that has created excitement among customers. In a statement on Sunday, the Acting Head of Communication and Public Affairs at the […]
NDIC Begins N46.6 Billion Disbursement to Depositors of Defunct Heritage Bank - Tech
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the disbursement of funds to depositors of the defunct Heritage Bank, whose account balances exceeded the NDIC’s maximum insured limit of N5 million at the time of the bank’s closure. This was disclosed in a statement signed by Hawwau Gambo, NDIC’s acting head of Communication and Public Affairs. The corporation has initiated the first disbursement of liquidation dividends, totalling…
NDIC Issues ₦46.6 Billion Liquidation Dividend To Heritage Bank's Customers With Above Insured Limit - Brand Spur
To ensure that depositors of the defunct Heritage Bank receive their full reimbursement, the Nigeria Deposit Insurance Corporation (NDIC) has begun paying out ₦46.6 billion as the first tranche of liquidation dividends to depositors with funds above the insured limit. According to a statement available to BrandSpur banking and finance news desk, signed by Hawwau Gambo, Acting Head of Communication & Public Affairs, the NDIC has declared the firs…
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