The Director of Communication & Public Affairs, Nigeria Deposit Insurance Corporation (NDIC), Bashir Nuhu, says it has commenced the liquidation of Heritage Bank, assuring it will pay depositors of the failed bank N5 million insured deposits.
Nuhu in a statement said following the revocation of the banking license of Heritage Bank Plc and the appointment of the NDIC as the Liquidator, depositors of the bank that have alternate account within the industry will be paid up to the insured amount of N5 million per depositor using their Bank Verification Number (BVN) to locate their alternate account,
He also stated that depositors with funds in excess of N5 million will be paid liquidation dividend upon realization of the bank’s assets and recovery of debts owed to the bank, while creditors are advised to visit the nearest branch of the bank to file their claims or via the online platform
The NDIC however assured the entire banking public of its commitment to the continued safety of depositors’ funds in all licensed banks.
