NDIC to pay first tranche of liquidation dividends to Heritage Bank depositors in April
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will begin the first round of payments to customers of the closed Heritage Bank this April. This update was shared during the NDIC Special Day at the 36th Enugu International Trade Fair. The NDIC Managing Director, Bello Hassan, who was represented by Pamela Robert, the […]
NDIC Pursues N700 Billion in Loans from Heritage Bank Debtors
The Nigeria Deposit Insurance Corporation (NDIC) has announced its intention to pursue debtors of Heritage Bank. The NDIC also stated it would compensate depositors of the now-closed Heritage Bank who have N5 million or less in their accounts. Appointed by the Central Bank of Nigeria as the bank’s liquidator, the NDIC plans to complete these […]
BREAKING: CBN Cancels Heritage Bank’s License
The Central Bank of Nigeria (CBN) has cancelled the operating license of Heritage Bank, a well-known commercial bank in Nigeria. This announcement was made in a statement released on Monday, June 3, by the Acting Director of Corporate Communications at CBN, Hakama Sidi Ali. Ali stated that the CBN, using its power under Section 12 […]