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Tag: Heritage Bank

NDIC pays out 82.36% of insured deposits to Heritage bank customers
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Heritage Bank customers’ deposits secured, NDIC assures

The Managing Director/CEO of the Nigeria Deposit Insurance Corporation, Bello Hassan, reassured customers of the failed Heritage Bank that their funds are safe. Speaking at the 2024 NDIC Editors Forum in Lagos on Saturday, Hassan, represented by the Executive Director (Operations), Mustapha Ibrahim, emphasized the NDIC’s crucial role in protecting depositors following the closure of […]

News

NDIC chases Heritage Bank debtors

The Nigeria Deposit Insurance Corporation has launched efforts to recover debts from the debtors of the recently liquidated Heritage Bank, as part of plans to pay uninsured depositors. This announcement was made by NDIC Managing Director, Alhaji Bello Hassan, during the 2024 NDIC Editors Forum held in Lagos on Saturday. The forum, themed “Strengthening Nigeria’s […]

NDIC chases Heritage Bank debtors
News

BVN Account issues delay payments for defunct Heritage customers – NDIC

The Nigeria Deposit Insurance Corporation has announced that discrepancies in account names linked to the Bank Verification Numbers of some former Heritage Bank customers are causing delays in the payment of their insured deposits. In a statement to the News Agency of Nigeria in Abuja, NDIC’s Managing Director, Mr. Bello Hassan, confirmed that a significant […]

NDIC chases Heritage Bank debtors
News

How defunct-Heritage Bank customers can reclaim their funds

The Nigeria Deposit Insurance Corporation has announced the commencement of the liquidation process for Heritage Bank Plc. This move follows the Central Bank of Nigeria’sdecision to revoke the bank’s commercial license with national authorization. In a statement released on Monday, the NDIC, appointed as the liquidator under Section 12(2) of the Banks and Other Financial […]

News

CBN revokes Heritage Bank’s license

The Central Bank of Nigeria has revoked the banking license of Heritage Bank. This comes following a report that officials from the Nigeria Deposit Insurance Corporation had visited the bank. “In accordance with its mandate to promote a sound financial system in Nigeria and in exercise of its powers under Section 12 of the Banks […]