Sets April ending date The Nigeria Deposit Insurance Corporation (NDIC) will pay the first tranche of liquidation dividends to depositors of Heritage Bank before the end of April 2025. Managing…
BY COBHAM NSA – The Nigeria Deposit Insurance Corporation (NDIC) says depositors of the defunct Heritage Bank with balances exceeding the maximum deposit insurance limit of N5 million have nothing…
BY COBHAM NSA – The Institute of Chartered Accountants of Nigeria (ICAN) has praised the Nigeria Deposit Insurance Corporation (NDIC) for its strong compliance with the highest standards of integrity…
BY COBHAM NSA – Focused on ensuring the timely declaration of liquidation dividends to uninsured depositors of the failed Heritage Bank (In-Liquidation), the Nigeria Deposit Insurance Corporation (NDIC) has commenced…
BY CHINYERE OBIORA, LAGOS – Despite complaints and concerns raised by some stakeholders, the Nigeria Deposit Insurance Corporation (NDIC) says about 84.98 percent of depositors of Heritage Bank in revocation…
Says verification issues stalling payment to remaining 17.6% The Nigeria Deposit Insurance Corporation (NDIC) says about 82.36 per cent of failed Heritage Bank depositors have received their payments following the…
Blames insider abuses, financial malpractices for banks’ failure BY CHINYERE OBIORA, LAGOS – The Nigerian Deposit Insurance (NDIC) says consistent checks on insider abuses and financial malpractices that promote bank…
The Nigeria Deposit Insurance Corporation (NDIC) has blamed account names discrepancies in Bank Verification Number (BVN) linked alternate account of some defunct Heritage Bank customers for the delay in settling…
BY COBHAM NSA – The Nigerian Deposit Insurance Corporation (NDIC) says all depositors of now liquidated Heritage Bank will be paid their money within seven days baring any unforseen circumstances….
Commences moves to liquidate failed bank BY CHINYERE OBIORA, LAGOS – Following the Central Bank of Nigeria (CBN)’s revocation of Heritage Bank operational licence, the Nigeria Deposit Insurance Corporation (NDIC)…