The Nigeria Deposit Insurance Corporation (NDIC), Central Bank of Nigeria (CBN), Bank of Industry, United Bank for Africa (UBA), Access Holdings Plc,...
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Maroc - NIGERIANFRANKNEWSNG.COM - A La Une - 13/Aug 16:13
NDIC settles defunct Heritage Bank depositors with balances exceeding N5 million
The Nigeria Deposit Insurance Corporation (NDIC) says it has paid depositors, with balances exceeding Five Million Naira, the initial insured sum of Five Million Naira, while the remaining balances (classified as uninsured deposits) will be paid as liquidation dividends upon realization of the defunct bank’s assets and recovery of debts owed to the defunct bank. The Corporation in a statement signed by Bashir A. Nuhu, Director, Communication & Public Affairs disclosed that this unprecedented direct payments was carried out through BVN-linked alternate accounts without the need for depositors to visit NDIC offices or fill out forms. This achievement marks a […]
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