• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Monday, June 2, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home News

NDIC begins liquidation of Heritage Bank

Nathaniel Irobi by Nathaniel Irobi
June 3, 2024
in News
0
NDIC begins liquidation of Heritage Bank

Revocation of Heritage Bank’s licence will stabilise financial system – experts

0
SHARES
12
VIEWS
FacebookTwitterWhatsappEmailTelegram

The Nigeria Deposit Insurance Corporation (NDIC) says it has started the liquidation process of Heritage Bank with immediate verification and payment of insured deposits to bank depositors.

The News Agency of Nigeria (NAN) reports that the CBN revoked Heritage Bank’s license on Monday.

RelatedPosts

Olympic Boxing Turmoil: Imane Khelif’s Male Sex Confirmation Sparks Debate

Katsina Pilgrim Blames NAHCO for Makkah Ordeal

Sokoto Endorse Reserved Seat For Women Bill

Mr Bashir Nuhu, Director of Communications and Public Affairs, NDIC, in a statement, said that relevant laws necessitated immediate actions to safeguard depositors’ funds.

“Following the revocation of the banking license of Heritage Bank Plc by the Central Bank of Nigeria (CBN) today, June 3, 2024 and the appointment of the Nigeria Deposit Insurance Corporation (NDIC) as the liquidator, pursuant to Section 12(2) of BOFIA, 2020,

“The corporation wishes to announce to depositors of the bank in particular and the banking public in general, as follows:

“The NDIC has commenced the Liquidation of Heritage Bank Plc in accordance with Section 55 sub-section 1 & 2 of the NDIC Act 2023

“The corporation has also commenced the liquidation process of the failed bank with immediate verification and payment of insured deposits to the bank depositors.”

He explained the payment options to various categories of the bank’s depositors.

“Depositors of the bank that have alternate accounts 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.

“While depositors with funds in excess of N5 million will be paid liquidation dividend upon realisation of the bank’s assets and recovery of debts owed to the bank,” he said.

ALSO READ:  Niger Coup: Tinubu Seeking State of Emergency, Suspension Of Presidential Election Tribunal— Timi Frank

Nuhu advised all depositors of the defunct bank without alternate bank accounts in the industry to visit the nearest branch of the bank with proof of account ownership, and verifiable means of identification.

He listed the required documents to include a driver’s license, permanent voter’s card, National Identity Card, together with an alternate account and BVN for the verification of deposits and subsequent payment of insured sums.

He added that depositors could also file online claims by visiting the NDIC website claims page on www.ndic.gov.ng/claims/claims, download and fill the claims forms and upload the required documentation.

He advised creditors to visit the nearest branch of the bank to file their claims or via the online platform.

“Please note that the process of payment of creditors will commence immediately after all depositors have been paid,” Nuhu said.

He advised debtors who had not completed repayment of loans to contact the Corporation’s Asset Management Department (AMD).

“Visit the NDIC website for more details. The NDIC wishes to assure the entire banking public of its commitment to the continued safety of depositors’ funds in all licensed banks.

“As such, depositors are urged to continue their banking businesses without fear as banks whose licenses have not been revoked remain safe and sound,” he said. (NAN)

Tags: Heritage BankLiquidationNDIC
Nathaniel Irobi

Nathaniel Irobi

Related Posts

Olympic Boxing Turmoil: Imane Khelif’s Male Sex Confirmation Sparks Debate

Olympic Boxing Turmoil: Imane Khelif’s Male Sex Confirmation Sparks Debate

by Nathaniel Irobi
June 2, 2025
0

In a startling twist to the Olympic boxing narrative, it has been confirmed that Imane Khelif, the Algerian champion set...

Katsina Pilgrim Blames NAHCO for Makkah Ordeal

Katsina Pilgrim Blames NAHCO for Makkah Ordeal

by Ojimaojo Abubakar
June 2, 2025
0

A Nigerian pilgrim from Katsina State has written an open letter to the Chairman of the Nigerian Aviation Handling Company...

Sokoto Endorse Reserved Seat For Women Bill

Sokoto Endorse Reserved Seat For Women Bill

by Nathaniel Irobi
June 2, 2025
0

By Ankeli Emmanuel, Sokoto Stakeholders from Sokoto South Senatorial District have reviewed and unanimously endorsed the Reserved Seat for Women...

Recommended

How Suicide Bomber Attempted To Sneak Into Army Barracks In Abuja — NEMA

How Suicide Bomber Attempted To Sneak Into Army Barracks In Abuja — NEMA

5 days ago
Nigeria blacklists Simon Ekpa, 16 others, organisations for terrorism financing

Terrorism: Prosecutors seek six-year sentence for Simon Ekpa

2 days ago

Popular News

  • Arewa group hails Tinubu’s inclusive appointments

    NURTW President Hails Tinubu’s Reforms, Urges Greater Support For Transport Sector

    0 shares
    Share 0 Tweet 0
  • Environment Minister’s Scholarship Beneficiary Tops 2025 UTME In Northern Nigeria With 345 Score

    0 shares
    Share 0 Tweet 0
  • NAHCON Officials Grumble in Saudi Arabia Over Unpaid Allowances

    0 shares
    Share 0 Tweet 0
  • Abuja Estate Firm Announces Customer Loyalty Rewards

    0 shares
    Share 0 Tweet 0
  • Christian Group Seeks Reversal of NBAIS Certificate Recognition

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (719)
  • Education (213)
  • Entertainment (307)
  • Health (187)
  • National (2,063)
  • News (7,743)
  • Opinion (283)
  • Politics (1,564)
  • Science (15)
  • Security (403)
  • Sports (414)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform