NDIC to repay Heritage Bank customers within one week

The Managing Director of NDIC, Bello Hassan, disclosed this at a press briefing where he outlined the repayment processes, insisting that the corporation will not take 30 days as stipulated by law but settle customers within one week. He noted that the NDIC and its staff were already positioned in all the locations where the bank exists, saying the process of verifying insured deposits has already commenced.

''The NDIC is poised to do this within one week for the insured depositors, there is no time frame for repaying the uninsured depositors. The NDIC boss said so far, the amount of deposits at the liquidated Heritage Bank stands at N650 billion but could be more by the end of verification while loans borrowed and unrepaid in the bank stand at N700 billion. Hassan explained, ''There are about 2.

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